On January 1, 2011, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its

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On January 1, 2011, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $400,000. Inventory data for 2011 through 2013 are as follows:

Required:
Calculate Taylor's ending inventory for 2011, 2012, and 2013.

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Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Question Posted: Jul 02, 2013 05:53 AM

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On January 1, 2011, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its

Question:

Ending Inventory at Year-End Costs Cost Index Date 12/31/11 12/31/12 12/31/1 $441.000 487.200 510,000 1.05 1.12 1.20

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TAYLOR COMPANY Ending Inventory Cost Date at YearEnd Costs In...View the full answer

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