Midori Company had ending inventory at end-of-year prices of $100,000 at December 31, 2011; $119,900 at December
Question:
Midori Company had ending inventory at end-of-year prices of $100,000 at December 31, 2011; $119,900 at December 31, 2012; and $134,560 at December 31, 2013. The year-end price indexes were 100 at 12/31/11, 110 at 12/31/12, and 116 at 12/31/13. Compute the ending inventory for Midori Company for 2011 through 2013 using the dollar-value LIFO method.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
answer 2011 100000 2012 109000 2013 123828 explanation The dollarvalue LIFO method uses the end...View the full answer
Answered By
Maurat Ivan
I have been working in the education and tutoring field for the past five years, and have gained a wealth of experience and knowledge in this area. I have a bachelor's degree in education, and have completed additional coursework in teaching and tutoring.
In my previous roles, I have worked as a teacher in both private and public schools, teaching a variety of subjects including math, science, and English. I have also worked as a private tutor, providing one-on-one tutoring to students in need of additional support and guidance.
In my current role, I work as an online tutor, providing virtual tutoring services to students around the world. I have experience using a variety of online tutoring platforms and technologies, and am comfortable working with students of all ages and skill levels.
I am passionate about helping students succeed and reach their full potential, and I believe that my education and tutoring experience make me an excellent candidate for a tutoring job at SolutionInn. I am confident that my knowledge, skills, and experience will enable me to provide top-quality tutoring services to students on the SolutionInn platform.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Midori Company had ending inventory at end-of-year prices of $100,000 at December 31, 2009; $119,900 at December 31, 2010; and $134,560 at December 31, 2011. The year-end price indexes were 100 at...
-
Midori Company had ending inventory at end-of-year prices of $100,000 at December 31, 2019; $119,900 at December 31, 2020; and $134,560 at December 31, 2021. The year-end price indexes were 100 at...
-
BE8-8 Midori Company had ending inventory at end-of-year prices of $100,000 at December 31, 2013; $119,900 at December 31, 2014; and $134,560 at December 31, 2015. The year-end price indexes were 100...
-
Suppose you are the manager of an investment fund. The fund is invested in following three assets with the following investments and betas: Stock Shares C Price per share 50,000 $50 MCD 10,000 $200...
-
Is it true that the more time until expiration, the less valuable an American put? Explain your answer.
-
Choose a specific target audience that an advertiser might want to reach. Discuss how magazines and/or newspapers could be used to reach this particular market in a cost effective manner.
-
Perform the indicated operations, if defined, for the following vectors and matrices. \(\left(\mathbf{A}^{2}+\mathbf{B}^{T} \mathbf{B} ight) \mathbf{W}\) -2 1 -3 1 1 A = 1 -3 2 1 32 B = V= W = 0 0 4 5
-
Sun Corporation became a subsidiary of Pam Corporation on July 1, 2016, when Pam paid $1,980,000 cash for 90 percent of Sun's outstanding common stock. The price paid by Pam reflected the fact that...
-
Decrypt the ciphertext without knowledge of the key. VQ VJG YGNN QTICKBGE OKPF, FGCVJ KU DWV VJG PGZV ITGCV COXGRVNG. AQW MPQY, VJG UVQPG YCU TGCNNA PQV UWEJ C YQPFGTHWN VJKPI. CU OWEJ OQPGA CPF NKHG...
-
The CyClon project team has started gathering information necessary to develop a project network-predecessor activities and activity time in days. The results of their meeting are found in the...
-
Bienvenu Enterprises reported cost of goods sold for 2012 of $1,400,000 and retained earnings of $5,200,000 at December 31, 2012. Bienvenu later discovered that its ending inventories at December 31,...
-
Arna, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Instructions Compute the value of the 2012 and 2013 inventories using the dollar-value LIFO...
-
Incomplete financial statements for Tanner Company are given below: The following additional information is available about the company: a. Selected financial ratios computed from the statements...
-
Solve for x en (x+2)+ln(x+3)-In (10x)
-
Discuss the critical success factors in HRIS Implementation and describe factors that have been shown to affect user acceptance.
-
Let A, B, and C be sets. Using an element argument, prove (ANB)-C (A-C)n (B-C)
-
Terrorists use a combination of legitimate and illicit funding sources and financial methods to support their operations. Describe one of these sources or methods and discuss an innovative (yet...
-
Six Lessons for Successful Virtual Team Soft Skills Class, I appreciate your participation in this discussion. For this discussion, create an original post addressing the topic(s) below, prior to...
-
Cold water enters a steam generator at 20C and leaves as saturated vapor at 200C. Determine the fraction of heat used in the steam generator to preheat the liquid water from 20C to the saturation...
-
$10,000 was borrowed at 3.5% on July 17. The borrower repaid $5000 on August 12, and $2000 on September 18. What final payment is required on November 12 to fully repay the loan?
-
Braxton Inc. is considering the write-off of a limited life intangible because of its lack of profitability. Explain to the management of Braxton how to determine whether a write-off is permitted.
-
Last year Wilde Company recorded an impairment on an intangible asset held for use. Recent appraisals indicate that the asset has increased in value. Should Wilde record this recovery in value?
-
Explain how losses on impaired intangible assets should be reported in income.
-
2. What is the difference between the following two sequences of code? (1 point) (a) SKIP (b) &BETA LDA COMP #0 ALPHA JEQ LDA STA SKIP #3 BETA IF SET ENDIF (&ALPHA NE 0)
-
7. a) By means of K-map simplify the following Boolean function G(a,b,c) in the form of SOP and b) draw corresponding logical diagram (circuit). G(a,b,c)-2(0,1,2,3,4,6) 8. a) By means of K-map...
-
3. (10 points) Determine if this function is a quadratic spline? Explain why or why not. Q(x) = I 2 4 -
Study smarter with the SolutionInn App