Question

Question 7 View Policies Show Attempt History Current Attempt in Progress Presented below is information related to Oriole Company. Ending Inventory (End-of-Year Prices) Price Index Date December 31, 2017 $81,300 100 December 31, 2018 237,090 210 December 31, 2019 234,720 240 December 31, 2020 264,680 260 December 31, 2021 318,920 280 December 31, 2022 381,640 290 Compute the ending inventory for Oriole Company for 2017 through 2022 using the dollar-value LIFO method. Ending Inventory 2017 $ 2018 जी 00 .

Answer 1

1 Date 2 12/31/2018 4 TOTAL 5 12/31/2019 6 7 TOTAL 8 12/31/2020 B E Inventory at Year of Inventory at|Inventory Inventory |base year Inventor layer of added year Dollar Value End Costs cost y layers Base Layer cost LIFO) 237090 112900 81300 81300 31600 2015 66360 147660 112900 234720 97800 81300 813001 16500 2015 34650 115950| 97800 264680 101800 81300 813001 20500 2015 43050 124350 101800 3189201 113900 81300 81300 32600 2015 68460 149760 113900 381640 131600 81300 813001 50300 20151 1 05630 186930 131600 9 10 TOTAL 11 12/31/2021 12 TOTAL 14 12/31/2022 13 15 16 TOTAL 17

G Year of layer of Base F Inventory Inventory at added (Dollar Value year cost LIFO) 81300 =D3*2.1 =F2+F3 2015 =F2 I=D6*2.1 6 2015 =F5+F6 ДА В Inventory Inventory at base year|Inventory 1 Date End Costs cost layers 2 12/31/2018 237090 =B2/2.1 81300 =C2-D2 4 TOTAL =D2+D3 5 12/31/2019|234720 =B5/2.4 |81300 =C5-D5 7 TOTAL =D5+D6 8 12/31/2020 264680 =B8/2.6 81300 =C8-D8 10 TOTAL =D8+D9 11 12/31/2021 318920 =B11/2.8 81300 12 =C11-011 13 TOTAL =D11+D12 14 12/31/2022 381640 =B14/2.9 81300 15 T=C14-D14 TOTAL =D14+D15 17 =F2 =D9*2.1 9 2015 =F8+F9 =F8 =D12*2.1 2015 =F11+F12 =F11 I=D15*2.1 2015 =F14+F15 16