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Use this information to answer the next 4 questions. Andersen Co. adopted the dollar value UFO Inventory method in 2016. On December 31, 2018 the
Use this information to answer the next 4 questions. Andersen Co. adopted the dollar value UFO Inventory method in 2016. On December 31, 2018 the company reported dollar value LIFO inventory of $407,650. This dollar-value LIFO consisted of three (3) dollar value UFO layers of the following magnitudes (notice the sum of the restated cost column equals the reported dollar-value LIFO of $407,650): Year Layer Added Base Year Cost Price Index Restated Cost 2016 layer 300,000 1.0 300,000 2017 layer 85,000 1.05 89,250 2018 layer 16,000 1.15 18,400 Total: 401,000 Total: 407,650 It is now December 31, 2019 and you are responsible for calculating Anderson Co.'s dollar-value LIFO inventory. You determine that the price index for 2019 has decreased and is now 1.10 (that is prices are 10% higher relative to the base year). An audit shows at the end of 2019 that Anderson Co. has 12,500 units of inventory, and that the current per unit cost at the end of 2019 is $32.56. The base year per unit cost for this inventory was $29.60. What is the ending dollar-value LIFO inventory (i.e., restated cost) for 2019, broken into its individual layers? Questions 2 pts Find total goods available for sale during 2019. Units = Dollar amount = Question 6 2 pts Assuming a periodic inventory system, calculate the value of ending inventory under the LIFO method. Toh wida Assuming a periodic inventory system, calculate the value of ending inventory under the FIFO method. D. Question 8 2 pts Assuming a periodic inventory system, calculate the value of ending inventory under the value of ending inventory under the Average Cost method? Round all calculations to the nearest penny. 1 pts Question 9 mothod How much will the company disclose as its LIFO
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