(Dollar Value LIFO) Presented below is information related to Martin Company.
|
Date |
Ending Inventory |
Price Index |
|
31 Dec 09 |
$80,000 |
100 |
|
31 Dec 10 |
111,300 |
105 |
|
31 Dec 11 |
108,000 |
116 |
|
31 Dec 12 |
122,200 |
120 |
|
31 Dec 13 |
147,000 |
125 |
|
31 Dec 14 |
176,900 |
Instructions
Use the dollar value LIFO method to compute the ending inventory for Choctaw Company for 2009 through 2013.