*Brief Exercise 8-8 Waterway Company had ending inventory at end-of-year cost of $126,100 at December 31,...

Question

Question

*Brief Exercise 8-8 Waterway Company had ending inventory at end-of-year cost of $126,100 at December 31, 2016; $154,584 at D

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Answer- Ending Inventory- 2016 =$126100.

2017= $146430.

2018 =$155355.

Explanation- 2017 = $154584/1.14 =$135600

Ending inventory == ($135600*1.00)+($9500*1.14) = $146430

*$135600-$126100 =$9500

2018= $170289/1.19 =$143100

= Ending Inventory ($135600*1.00)+($9500*1.14)+($7500*1.19) = $155355

$143100-$135600 =$7500

Add a comment

Answer 2

Similar Homework Help Questions

Practice Brief Exercise 8-04 Sheridan Company had ending inventory at end-of-year prices of $206,500 at December...

Practice Brief Exercise 8-04 Sheridan Company had ending inventory at end-of-year prices of $206,500 at December 31, 2016; 227,300 at December 31, 2017; and $248,000 at December 31, 2018. The year-end price indexes were 100 at 12/31/16, 106 at 12/31/17, and 110 at 12/31/18. Compute the ending inventory for Sheridan Company for 2016 through 2018 using the dollar-value LIFO method. (Round answers to 0 decimal places, e.g. 5,275.) 2016 2017 2018 Ending inventory
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...
Blossom Company had ending inventory at end-of-year prices of $216,500 at December 31, 2016; 239,700 at...

Blossom Company had ending inventory at end-of-year prices of $216,500 at December 31, 2016; 239,700 at December 31, 2017; and $252,500 at December 31, 2018. The year-end price indexes were 100 at 12/31/16, 106 at 12/31/17, and 110 at 12/31/18. Compute the ending inventory for Blossom Company for 2016 through 2018 using the dollar-value LIFO method. (

splish company had ending inventory at end of year Cost of a $124000 at December 31 2016; $148000 in 288 and Decembe...

splish company had ending inventory at end of year Cost of a $124000 at December 31 2016; $148000 in 288 and December 31, 2017; and $154964 at December 31, 2018. The year and price indexes were a 100 at 12/31/16, 112 at 12/31/17, and 118 at 12/31/18. Compute the ending inventory for splish company for 2016 through 2018 using the dollar-value LIFO method a y correct. Thyagan 21/16, 11213/31/17 intery at and 4000 at Decembar 1. 2016: 5148.78 December 3,...
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 +

Brief Exercise 8-9 Headland, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 year...

Brief Exercise 8-9 Headland, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 Inventory at Current-Year Cost Price Index 2016 $19,500 100 2017 21,924 108 2018 25,650 114 Compute the value of the 2017 and 2018 inventories using the dollar-value LIFO method. 2017 2018 Inventory under LIFO $ $
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 +
Dent Company manufactures one product. On December 31, 2005, Dent adopted the dollar-value LIFO inventory method....

Dent Company manufactures one product. On December 31, 2005, Dent adopted the dollar-value LIFO inventory method. Inventory data for the years following the base-year are: Inventory at Price index Year year-end prices (base year 2005) 2015 $270,000 1.00 2016 378,000 1.05 2017 392,000 1.15 2018 475,000 1.25 Required: Please show all calculations (in formula form if desired) 1. Compute the ending inventory at December 31, 2016, 2017, and 2018, using the dollar-value LIFO method for each year. Clearly indicate the...

8. (10 points) The following information relates to the Windsor Company. Ending Inventory Price Date (End-of-Year...

8. (10 points) The following information relates to the Windsor Company. Ending Inventory Price Date (End-of-Year Prices) Index December 31, 2013 $ 63,500 100 December 31, 2014 105,434 119 December 31, 2015 113,446 December 31, 2016 128,792 December 31, 2017 118,158 141 Use the dollar-value LIFO method to compute the ending inventory for Windsor Company for 2013 through 2017.

*Brief Exercise 8-8 Waterway Company had ending inventory at end-of-year cost of $126,100 at December 31,...

Homework Answers

Add Answer to:
*Brief Exercise 8-8 Waterway Company had ending inventory at end-of-year cost of $126,100 at December 31,...

Post as a guest

Earn Coins

Practice Brief Exercise 8-04 Sheridan Company had ending inventory at end-of-year prices of $206,500 at December...

Brief Exercise 8-8 Your answer is partially correct. Try again. Bramble Company had ending inventory at...

Blossom Company had ending inventory at end-of-year prices of $216,500 at December 31, 2016; 239,700 at...

splish company had ending inventory at end of year Cost of a $124000 at December 31 2016; $148000 in 288 and Decembe...

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 Richard Miller Company. Price Index Date Ending Inventory (End-o...

Brief Exercise 8-9 Headland, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 year...

Exercise 8-23 The following information relates to the Richard Miller Company. Price Index Date Ending Inventory...

Dent Company manufactures one product. On December 31, 2005, Dent adopted the dollar-value LIFO inventory method....

8. (10 points) The following information relates to the Windsor Company. Ending Inventory Price Date (End-of-Year...

*Brief Exercise 8-8 Waterway Company had ending inventory at end-of-year cost of $126,100 at December 31,...

Homework Answers

Add Answer to: *Brief Exercise 8-8 Waterway Company had ending inventory at end-of-year cost of $126,100 at December 31,...

Post as a guest

Earn Coins

Add Answer to:
*Brief Exercise 8-8 Waterway Company had ending inventory at end-of-year cost of $126,100 at December 31,...