Question

Presented below is information related to Sheffield Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2014 $ 84,700 100 December 31, 2015 164,199 147 December 31, 2016 161,112 168 December 31, 2017 181,636 182 December 31, 2018 218,932 196 December 31, 2019 258,825 203

Your answer is partially correct. Try again. Presented below is information related to Sheffield Company. Ending Inventory (End-of-Year Price Date Prices) Index December 31, 2014 $ 84,700 100 December 31, 2015 164,199 147 December 31, 2016 161,112 168 December 31, 2017 181,636 182 December 31, 2018 218,932 196 December 31, 2019 258,825 203 Compute the ending inventory for Sheffield Company for 2014 through 2019 using the dollar-value LIFO method. Ending Inventory 2014 84700 2015 156673 2016 292956 2017 59909 2018 98529 2019 96308

Answer 1

* Computation of Ending Envertory for Sheffield Conypony for 2014 6 2019 by using the dellar-value Lafo method 0 Ending erven Price Inventory at change from date -tory Price Pudex base year prices last year. dec 31, 2014 $84,700 100%. $ 84,700 $ 111,700 $27,000 1471 dec 31, 2015 $164, 199 ( $164, 199 ($11700 - 384780 147 - $15,794 dec, 31, 2016 $161, 12 168.), 95,906 X100 $ 99,800 1899, dec 31, 2017 $18),636 $ 3894 $ 11,900 $10,700 $218,932 196.). $15,800 $197,500 dec 3), 2018 dec 31, 2019 9037 $958,825 Ending anveutery 2014 Amant ($ $ 84,700 $84, 700 x100 % Cost of Ending Enveiling $ 84,400

2015 $84, 700 x1004 $ 27,000 x 1174 Cost of ending Inventory Amount ($) $ 84,700 $31,590 た。 $ 116,290 2016 $ 84, 700 x 100 % Amon (6) $84,700 $31,590 - $26,534 $ 97000 x117%. - $15,794x168) Cost of ending Inventory $89,756 Amant) 2017 $ 84,700 X100/ $ 27000 x 11754 - $ 15,794 x 1684. $3894 x 1897 - $84,700 - $31,590 = -$26,534 Ć $ 7087 cost of luding inventory = $96,843 $84,700 2018: $ 84700X1000) $ 27000 x 117), $ 15794 x 168, $ 3894 189.1 . $ 1580OX 1964 11,900 - $31,590 -$26,534 3 $ 7087 $80968 $23,324 Cost of ending inventory = $ 198,1897 $ 190,167

2019 $ 84,700 x 100% $27000 X1177 $15794 X1689 $3894 X182% $ 11,900 X 1967 $ 15800 x 203) Ending Inventory Amount (6) $84,706 $31,590 - $96,5344 $7087 $23,324 $32,074 $152, 24) yeas 2014 2015 2016 2017 2018 Ending Enventory $84,700 $116,290 $89,756 $96,843 $120.167 $159,24) 2019 Please do like... Happy HomeworkLibing.