Question

1 Google Dịch 4 Ch 8: Homgo x A Player X C Search Textbox C Exercise 8-22 X ses/30198/assignments/2980997 1. Year 1. Current A C Bond Premium, En. MPUIT Progress Seattle University Dashboard Combined Effects. Google Dich Presented below is information related to Nash Company Ending Inventory (End-of-Year Prices) Price Index Date December 31, 2017 December 31, 2018 100 $ 73,200 128,876 116 December 31, 2019 132 140.426 December 31, 2020 December 31, 2021 December 31, 2022 1984 99.520 Compute the ending inventory for Nash Company for 2017 through 2022 using the dollar-value LIFO method. Ending Inventory 73200 117164 2017 2018 2019 2020 2021 2022 $ $ $ $ $ $ 97792 MacBook Pro

Answer 1

Computation on the basis of $ Value LIFO method
Date	Inventory base year $	Value$	Year wise breakdown	Breakdown Inventory cost$	$ Value - LIFO
Dec 31,2017	73,200	73,200	Base year	73,200	73,200
Dec 31,2018(wn1)	1,11,100	73,200	Base year	73,200
		37,900	2018	43964	1,17,164	($37900/100*116)
Dec 31,2019(wn2	94,400	73,200	Base year	73,200
		21,200	2018	24592		($212000/100*116)
		0	2019		97,792
Dec 31,2020(wn3)	98,200	73,200	Base year	73,200
		21,200	2018	24592		($212000/100*116)
			2019
		3,800	2020	5434	1,03,226	($3800/100*143)
Dec 31,2021(wn4)	1,09,400	73,200	Base year	73,200
		21,200	2018	24592
			2019
		3,800	2020	5434
		11,200	2021	17248	1,20,474	($11200/100*154)
Dec 31,2022(wn5)	1,24,700	73,200	Base year	73,200
		21,200	2018	24,592
		-	2019	-
		3,800	2020	5,434
		11,200	2021	17,248
		15,300	2021	24480	1,44,954	($15300/100*160)

wn1
Date	Ending Inventory ( End of year Price)$	Price Index
Dec 31,2017	73,200	100
Dec 31,2018	1,28,876	116
Dec 31,2018	1,11,100
$128876/116*100)
wn2
Dec 31,2019	94,400	132
$124608/132*100)
wn3
Dec 31,2020	98,200	143
$140426/143*100)
wn4
Dec 31,2021
$168476/154*100)	1,09,400	154
wn5
Dec 31,2021
$199520/160*100)	1,24,700	160