Homework Answers
Calculate ending inventory
| Ending inventory | ||
| 2017 | 83800 | |
| 2018 | 176802/1.58 = 111900 | (83800+28100*1.58) = 128198 |
| 2019 | 175320/1.80 = 97400 | (83800+13600*1.58) = 105288 |
| 2020 | 197535/1.95 = 101300 | (105288+3900*1.95) = 112893 |
| 2021 | 238140/2.10 = 113400 | (112893+12100*2.1) = 138303 |
| 2022 | 286452/2.18 = 131400 | (138303+18000*2.18) = 177543 |
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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
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