Homework Answers
| Ending inventory | ||
| 2016 | 75600 | |
| 2017 | 89160 | |
| 2018 | 87013 | |
| 2019 | 96893 | |
| 2020 | 113400/1.35 = 84000 | 75600+8400*1.13 = 85092 |
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Need help with 2020 inventory
Exercise 8-23 Your answer is partially correct. Try again. The following...
Exercise 8-23 Your answer is partially correct. Try again. The following information relates to the Stellar...
Exercise 8-23 Your answer is partially correct. Try again. The following information relates to the Stellar Company. Ending Inventory (End-of Year Price Date Prices) December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 $69,400 102,080 110,208 123,816 116,058 Index 100 116 128 132 138 Use the dollar-value LIFO method to compute the ending inventory for Stellar C Ending Inventory 2013 69400 2014 90976 2015 88772 2016 98632 2017 86452 Click if you would like...
Brief Exercise 8-8 Your answer is partially correct. Try again. Bramble Company had ending inventory at...
Brief Exercise 8-8 Your answer is partially correct. Try again. Bramble Company had ending inventory at end-of-year cost of $135,700 at December 31, 2016: $165,528 at December 31, 2017; and $177,255 at December 31, 2018. The year-end price indexes were 100 at 12/31/16, 114 at 12/31/17, and 117 at 12/31/18 Compute the ending Inventory for Bramble Company for 2016 through 2018 using the dollar-value LIFO method. 2016 2017 2018 Ending Inventory 195,700 146530) Click If you would like to show...
Ouestion 9 Your answer is partially correct. Try again. Crane Company had ending inventory at end-of-year...
Ouestion 9 Your answer is partially correct. Try again. Crane Company had ending inventory at end-of-year prices of $80,000 at December 31, 2019; $98,230 at December 31, 2020; and $110,100 at December 31, 2021. The year-end price indexes were 100 at 12/31/19, 110 at 12/31/20, and 120 at 12/31/21. Compute the ending inventory for Crane Company for 2019 through 2021 using the dollar-value LIFO method 2019 2020 2021 Ending Inventory 80000
Exercise 8-23 The following information relates to the Richard Miller Company. Price Index Date Ending Inventory...
Exercise 8-23 The following information relates to the Richard Miller Company. Price Index Date Ending Inventory (End-of-Year Prices) $ 66,900 103,194 110,940 124,887 115,787 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 100 117 Nm w 139 Use the dollar-value LIFO method to compute the ending inventory for Miller Company for 2016 through 2020. Ending Inventory ____ 2016 $ 2017 2018 2019 + $ 2020 +
Exercise 8-23 The following information relates to the James Smith Company. Ending Inventory (End-of-Year Prices) Price...
Exercise 8-23 The following information relates to the James Smith Company. Ending Inventory (End-of-Year Prices) Price Index Date December 31, 2016 75,800 100 December 31, 2017 December 31, 2018 December 31, 2019 95,700 110 103,944 118,314 122 126 December 31, 2020 109,254 131 Use the dollar-value LIFO method to compute the ending inventory for Smith Company for 2016 through 2020. Ending Inventory 2016 $ 75,800 2017 $ 2018 $ 2019 $ 2020 $
Exercise 8-23 The following information relates to the Richard Miller Company. Price Index Date Ending Inventory (End-o...
Exercise 8-23 The following information relates to the Richard Miller Company. Price Index Date Ending Inventory (End-of-Year Prices) $ 66,900 103,194 110,940 124,887 115,787 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 100 117 Nm w 139 Use the dollar-value LIFO method to compute the ending inventory for Miller Company for 2016 through 2020. Ending Inventory ____ 2016 $ 2017 2018 2019 + $ 2020 +
The following information relates to the George Robinson Company. Date December 31, 2016 December 31, 2017...
The following information relates to the George Robinson Company. Date December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 Ending Inventory (End-of-Year Prices) $ 71,500 113,400 122,181 139,104 130,800 Price Index 100 126 139 144 150 Use the dollar-value LIFO method to compute the ending inventory for Robinson Company for 2016 through 2020. Ending Inventory 2016 2017 2018 2019
The following information relates to the Jimmy Johnson Company. Ending Inventory Price Date (End-of-Year Prices) Index...
The following information relates to the Jimmy Johnson Company. Ending Inventory Price Date (End-of-Year Prices) Index December 31, 2016 $70,000 100 December 31, 2017 90,300 105 December 31, 2018 95.120 116 December 31, 2019 105,600 120 December 31, 2020 100,000 125 Use the dollar-value LIFO method to compute the ending inventory for Johnson Company for 2016 through 2020. Ending Inventory 2016 $ 2017 $ 2018 2019 2020
The following information relates to the Jimmy Johnson Company. Date Ending Inventory (End-of-Year Prices) Price Index...
The following information relates to the Jimmy Johnson Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2016 $ 70,000 100 December 31, 2017 90,300 105 December 31, 2018 95,120 116 December 31, 2019 105,600 120 December 31, 2020 100,000 125 Use the dollar-value LIFO method to compute the ending inventory for Johnson Company for 2016 through 2020. Ending Inventory 2016 $ 2017 $ 2018 $ 2019 $ 2020 $
Your answer is partially correct. Try again. Marigold, Inc. uses the dollar-value LIFO method of computing...
Your answer is partially correct. Try again. Marigold, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Inventory Year Ended December 31 2016 Price Index Inventory at Current-Year Cost $19,500 21,924 2017 108 2018 25,650 114 1 Compute the value of the 2017 and 2018 inventories using the dollar-value LIFO method. 2017 2018 Inventory under LiFo 2086 22872
Exercise 8-23 Your answer is partially correct. Try again. The following information relates to the Stellar Company. Ending Inventory (End-of Year Price Date Prices) December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 $69,400 102,080 110,208 123,816 116,058 Index 100 116 128 132 138 Use the dollar-value LIFO method to compute the ending inventory for Stellar C Ending Inventory 2013 69400 2014 90976 2015 88772 2016 98632 2017 86452 Click if you would like...
Brief Exercise 8-8 Your answer is partially correct. Try again. Bramble Company had ending inventory at end-of-year cost of $135,700 at December 31, 2016: $165,528 at December 31, 2017; and $177,255 at December 31, 2018. The year-end price indexes were 100 at 12/31/16, 114 at 12/31/17, and 117 at 12/31/18 Compute the ending Inventory for Bramble Company for 2016 through 2018 using the dollar-value LIFO method. 2016 2017 2018 Ending Inventory 195,700 146530) Click If you would like to show...
Ouestion 9 Your answer is partially correct. Try again. Crane Company had ending inventory at end-of-year prices of $80,000 at December 31, 2019; $98,230 at December 31, 2020; and $110,100 at December 31, 2021. The year-end price indexes were 100 at 12/31/19, 110 at 12/31/20, and 120 at 12/31/21. Compute the ending inventory for Crane Company for 2019 through 2021 using the dollar-value LIFO method 2019 2020 2021 Ending Inventory 80000
Exercise 8-23 The following information relates to the Richard Miller Company. Price Index Date Ending Inventory (End-of-Year Prices) $ 66,900 103,194 110,940 124,887 115,787 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 100 117 Nm w 139 Use the dollar-value LIFO method to compute the ending inventory for Miller Company for 2016 through 2020. Ending Inventory ____ 2016 $ 2017 2018 2019 + $ 2020 +
Exercise 8-23 The following information relates to the James Smith Company. Ending Inventory (End-of-Year Prices) Price Index Date December 31, 2016 75,800 100 December 31, 2017 December 31, 2018 December 31, 2019 95,700 110 103,944 118,314 122 126 December 31, 2020 109,254 131 Use the dollar-value LIFO method to compute the ending inventory for Smith Company for 2016 through 2020. Ending Inventory 2016 $ 75,800 2017 $ 2018 $ 2019 $ 2020 $
Exercise 8-23 The following information relates to the Richard Miller Company. Price Index Date Ending Inventory (End-of-Year Prices) $ 66,900 103,194 110,940 124,887 115,787 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 100 117 Nm w 139 Use the dollar-value LIFO method to compute the ending inventory for Miller Company for 2016 through 2020. Ending Inventory ____ 2016 $ 2017 2018 2019 + $ 2020 +
The following information relates to the George Robinson Company. Date December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 Ending Inventory (End-of-Year Prices) $ 71,500 113,400 122,181 139,104 130,800 Price Index 100 126 139 144 150 Use the dollar-value LIFO method to compute the ending inventory for Robinson Company for 2016 through 2020. Ending Inventory 2016 2017 2018 2019
The following information relates to the Jimmy Johnson Company. Ending Inventory Price Date (End-of-Year Prices) Index December 31, 2016 $70,000 100 December 31, 2017 90,300 105 December 31, 2018 95.120 116 December 31, 2019 105,600 120 December 31, 2020 100,000 125 Use the dollar-value LIFO method to compute the ending inventory for Johnson Company for 2016 through 2020. Ending Inventory 2016 $ 2017 $ 2018 2019 2020
Your answer is partially correct. Try again. Marigold, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Inventory Year Ended December 31 2016 Price Index Inventory at Current-Year Cost $19,500 21,924 2017 108 2018 25,650 114 1 Compute the value of the 2017 and 2018 inventories using the dollar-value LIFO method. 2017 2018 Inventory under LiFo 2086 22872
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