Homework Answers
| Avandole lumber | ||||||||
| Answer in desired format | ||||||||
| IL converted to BY cost | IL converted to cost | EI at DVL cost | ||||||
| Date | Inv. At YE cost | YE cost index | Inv. Layers at BY cost | Inv. At BY cost | YE cost index | Inv. Layers converted to cost | ||
| 1.1.21 | 260000 | 1 | 260000 | Base | 260000 | 1 | 260000 | 260000 |
| 31.12.2021 | 340000 | 1.02 | 333333 | Base | 260000 | 1 | 260000 | |
| 2021 | 73333 | 1.02 | 74800 | 334800 | ||||
| 31.12.2022 | 350000 | 1.06 | 330189 | Base | 260000 | 1 | 260000 | |
| ( LIFO liquidation ) | 2021 | 70189 | 1.02 | 71593 | ||||
| 2022 | - | - | 0 | 331593 | ||||
| 31.12.2023 | 400000 | 1.07 | 373832 | Base | 260000 | 1 | 260000 | |
| 2021 | 70189 | 1.02 | 71593 | |||||
| 2022 | - | - | 0 | |||||
| 2023 | 43643 | 1.07 | 46698 | 378291 | ||||
| 31.12.2024 | 430000 | 1.1 | 390909 | Base | 260000 | 1 | 260000 | |
| 2021 | 70189 | 1.02 | 71593 | |||||
| 2022 | - | - | 0 | |||||
| 2023 | 43643 | 1.07 | 46698 | |||||
| 2024 | 17077 | 1.1 | 18785 | 397076 | ||||
Add Answer to:
On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for...
On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inv...
On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $305.000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 2821 2022 2023 2824 Inventory Year-End Costs $390,660 482,800 457,960 491,700 Cost Index (Relative to Base Year) 1.02 1.06 1.07 1.10...
On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inv...
On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $330,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Cost Index (Relative to Base Year) 1.04 Year Ended December 31 2021 2022 2023 2024 Inventory Year-End Costs $418, 080 429, 840 482,870 520, 240...
On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for...
On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $290,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended Inventory Cost Index December 31 Year-End Costs (Relative to Base Year) 2021 $ 372,300 1.02 2022 383,720 1.06 2023 435,490 1.07 2024 466,950...
On January 1, 2018 Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one...
On January 1, 2018 Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $335.000. An internally generated cost index is used to convert ending inventory to base year. Year-end Inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 2018 2019 2020 2021 Inventory Year-End Costs $428.400 440, 360 495.000 533,360 Cost Index Relative to Base Year) 1.05 1.09 1.10...
On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inve...
On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $320,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended Inventory Cost Index December 31 Year-End Costs (Relative to Base Year) 2021 $ 401,700 1.03 2022 413,020 1.07 2023 463,320 1.08 2024 498,945...
On January 1, 2021, the Taylor Company adopted the dollar-value LIFO method. The inventory value for...
On January 1, 2021, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $370,000. Inventory data for 2021 through 2023 are as follows: Date 12/31/2021 12/31/2022 12/31/2023 Ending Inventory at Year-End Costs $417,300 469,800 493,750 Cost Index 1.07 1.16 1.25 Required: Calculate Taylor's ending inventory for 2021, 2022, and 2023. Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Date Inventory at Year-End Cost Year-End Cost Index...
On January 1, 2021, the Haskins Company adopted the dollar-value LIFO method for its one inventory...
On January 1, 2021, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $840,000. The 2021 and 2022 ending inventory valued at year-end costs were $884,000 and $954,000, respectively. The appropriate cost indexes are 1.04 for 2021 and 1.06 for 2022. Required: Complete the below table to calculate the inventory value at the end of 2021 and 2022 using the dollar-value LIFO method. (Round "Year end cost index" to...
P 8-15 Dollar-value LIFO LO8-82 On January 1, 2018, Avondale Lumber adopted the dollar-value LIFO inventory...
P 8-15 Dollar-value LIFO LO8-82 On January 1, 2018, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $260,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows Page 459 Year Ended December 31 Inventory 2018 2019 2020 2021 Year-End Costs $340,000 350,000 400,000 430,000 Cost Index (Relative...
At the beginning of 2018, Quentin and Kopps (Q&K) adopted the dollar-value LIFO (DVL) inventory method....
At the beginning of 2018, Quentin and Kopps (Q&K) adopted the dollar-value LIFO (DVL) inventory method. On that date the value of its one inventory pool was $94,000. The company uses an internally generated cost index to convert ending inventory to base year. Required: Determine the missing amounts in the inventory data for 2018 through 2021. Ending Ending Year Ended Inventory at Inventory at December 31 Year-End costs Base-Year Costs Cost Index 2018 $ 111,300 $ 106,000 1.05 2019 $...
Kingston Company uses the dollar-value LIFO method of computing inventory. An external price index is used...
Kingston Company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year. The company began operations on January 1, 2021, with an inventory of $147,000. Year-end inventories at year- end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 2021 2022 2023 2024 Ending Inventory at Year-End Costs $220, 500 283, 360 264, 870 262, 150 Cost Index (Relative to Base Year)...
On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $305.000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 2821 2022 2023 2824 Inventory Year-End Costs $390,660 482,800 457,960 491,700 Cost Index (Relative to Base Year) 1.02 1.06 1.07 1.10...
On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $330,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Cost Index (Relative to Base Year) 1.04 Year Ended December 31 2021 2022 2023 2024 Inventory Year-End Costs $418, 080 429, 840 482,870 520, 240...
On January 1, 2018 Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $335.000. An internally generated cost index is used to convert ending inventory to base year. Year-end Inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 2018 2019 2020 2021 Inventory Year-End Costs $428.400 440, 360 495.000 533,360 Cost Index Relative to Base Year) 1.05 1.09 1.10...
On January 1, 2021, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $370,000. Inventory data for 2021 through 2023 are as follows: Date 12/31/2021 12/31/2022 12/31/2023 Ending Inventory at Year-End Costs $417,300 469,800 493,750 Cost Index 1.07 1.16 1.25 Required: Calculate Taylor's ending inventory for 2021, 2022, and 2023. Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Date Inventory at Year-End Cost Year-End Cost Index...
On January 1, 2021, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $840,000. The 2021 and 2022 ending inventory valued at year-end costs were $884,000 and $954,000, respectively. The appropriate cost indexes are 1.04 for 2021 and 1.06 for 2022. Required: Complete the below table to calculate the inventory value at the end of 2021 and 2022 using the dollar-value LIFO method. (Round "Year end cost index" to...
P 8-15 Dollar-value LIFO LO8-82 On January 1, 2018, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $260,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows Page 459 Year Ended December 31 Inventory 2018 2019 2020 2021 Year-End Costs $340,000 350,000 400,000 430,000 Cost Index (Relative...
At the beginning of 2018, Quentin and Kopps (Q&K) adopted the dollar-value LIFO (DVL) inventory method. On that date the value of its one inventory pool was $94,000. The company uses an internally generated cost index to convert ending inventory to base year. Required: Determine the missing amounts in the inventory data for 2018 through 2021. Ending Ending Year Ended Inventory at Inventory at December 31 Year-End costs Base-Year Costs Cost Index 2018 $ 111,300 $ 106,000 1.05 2019 $...
Kingston Company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year. The company began operations on January 1, 2021, with an inventory of $147,000. Year-end inventories at year- end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 2021 2022 2023 2024 Ending Inventory at Year-End Costs $220, 500 283, 360 264, 870 262, 150 Cost Index (Relative to Base Year)...
Most questions answered within 3 hours.
-
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 2 minutes from now -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 46 seconds from now -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 45 minutes ago -
Oscar Inc. has inventory in Japan valued at 39,051,000 Yen one
year ago. One year ago...
asked 52 minutes ago -
If Canada suffered from "fundamental disequilibrium," and its
government choose not to devalue its currency, a...
asked 1 hour ago -
4. How many input & output Key Value Pairs are passed into,
and emitted out of...
asked 56 minutes ago -
Why would your heart not function well if constructed of
skeletal muscle? What is the particular...
asked 1 hour ago -
Please respond to this essay question in full essay form for
Chemistry 1102 Organic and Biochemistry:...
asked 1 hour ago -
Determine the head loss and velocity of flow in a water supply main
of 15.0 cm...
asked 1 hour ago -
A marketing executive who knowingly authorizes a shoddy
defective product to be brought to market is...
asked 1 hour ago -
Write a psudocode:
1. Define a function called authorize that takes in 2 strings,
uName, and...
asked 1 hour ago -
What Hall voltage (in mV) is produced by a 0.180 T field applied
across a 2.60...
asked 1 hour ago