(Dollar Value LIFO) Presented below is information related to Martin Company.
|
Date |
Ending Inventory |
Price |
|
December 31, 2009 |
$ 80,000 |
100 |
|
December 31, 2010 |
111,300 |
105 |
|
December 31, 2011 |
108,000 |
120 |
|
December 31, 2012 |
122,200 |
130 |
|
December 31, 2013 |
147,000 |
140 |
|
December 31, 2014 |
176,900 |
145 |
Instructions
Compute the ending inventory for Martin Company for 2009 through 2014 using the dollar value LIFO method.