Question
xercise 8-26 The following information relates to the Jimmy Johnson Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2010 $65,800 100 December 31,
The following information relates to the Jimmy Johnson Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index |
| December 31, 2010 | $65,800 | 100 |
| December 31, 2011 | 97,584 | 107 |
| December 31, 2012 | 105,434 | 119 |
| December 31, 2013 | 118,326 | 123 |
| December 31, 2014 | 110,080 | 128 |
Use the dollar-value LIFO method to compute the ending inventory for Johnson Company for 2010 through 2014.
| Ending Inventory | |
| 2010 | $ |
| 2011 | $ |
| 2012 | $ |
| 2013 | $ |
| 2014 | $ |
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Financial Accounting
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
12th edition
134725980, 9780134726656 , 978-0134725987
