Answer
Price Index |
Ending Inventory |
Inventory at Base Year |
Change from Prior Year |
1 |
$ 69,400.00 |
$ 69,400.00 |
$ - |
1.16 |
$ 102,080.00 |
$ 88,000.00 |
$ 18,600.00 |
1.28 |
$ 110,208.00 |
$ 86,100.00 |
$ (1,900.00) |
1.32 |
$ 123,816.00 |
$ 93,800.00 |
$ 7,700.00 |
1.38 |
$ 116,058.00 |
$ 84,100.00 |
$ (9,700.00) |
Inventory |
Price Index |
Ending Inventory Dollar Value LIFO |
$ 69,400.00 [base year inventory] |
1 |
$ 69,400.00 |
$ 16,700.00 [18600 – 1900] |
1.16 |
$ 19,372.00 |
$ 7,700.00 [2016] |
1.32 |
$ 10,164.00 |
$ 93,800.00 [total = value equal to 2016 Inventory at base Year] |
$ 98,936.00 |
Exercise 8-23 Your answer is partially correct. Try again. The following information relates to the Stellar...
The following information relates to the Pina Company. Date December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 Ending Inventory (End-of-Year Prices) $ 65,400 107,690 115,976 130,410 121,104 Price Index 100 121 133 138 144 Use the dollar-value LIFO method to compute the ending inventory for Pina Company for 2013 through 2017. Ending Inventory 2013 2014 2015 2016 2017
Need help with 2020 inventory Exercise 8-23 Your answer is partially correct. Try again. The following information relates to the Michael Jones Company Price Index 100 Date December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 Ending Inventory (End-of-Year Prices) $ 75,600 98,988 107,125 121,290 113,400 113 125 130 135 Use the dollar value LIFO method to compute the ending inventory for Jones Company for 2016 through 2020. Ending Inventory 75600 2016 89160 87013...
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.
8. (10 points) The following information relates to the Windsor Company.DateEnding Inventory(End-of-Year Prices)PriceIndexDecember 31, 2013$ 63,500100December 31, 2014105,434119December 31, 2015113,446131December 31, 2016128,792136December 31, 2017118,158141Use the dollar-value LIFO method to compute the ending inventory for Windsor Company for 2013 through 2017. 8. (10 points) The following information relates to the Windsor Company. Date December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 Ending Inventory Price (End-of-Year Prices) Index $ 63,500 100 105,434 119 113,446 131...
8. (10 points) The following information relates to the Windsor Company.DateEnding Inventory(End-of-Year Prices)PriceIndexDecember 31, 2013$ 63,500100December 31, 2014105,434119December 31, 2015113,446131December 31, 2016128,792136December 31, 2017118,158141Use the dollar-value LIFO method to compute the ending inventory for Windsor Company for 2013 through 2017. 8. (10 points) The following information relates to the Windsor Company Ending Inventory (End-of-Year Prices) Index Price Date $63,500 December 31, 2013 100 December 31, 2014 105,434 119 December 31, 2015 113,446 131 December 31, 2016 128,792 136 141 December...
The following information relates to the Tamarisk Company. Ending Inventory Price (End-of-Year Prices) Index Date December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 $ 66,100 119,210 129,050 145,200 134,316 100 131 145 150 156 Use the dollar-value LIFO method to compute the ending inventory for Tamarisk Company for 2013 through 2017
CALCULATOR PRINTER VERSİON -BACK ROD NEXT MENT RESOURCES r 8 Homework Exercise 8-14 The following is a record of Tamarisk Company's transactions for Boston Teapots for the month of May 2017 May 1 Balance 404 units $21 May 10 Sale 303 units $39 cise 8-9 12 Purchase 606 units $2520 Sale 545 units $39 28 Purchase 404 units $32 Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 566 units...
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...
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 $