Question: 21 POINTS EACH 42 POINTS MAX 2. On January 1,2014 Christopher Company adopted the dollar-value LIFO method of inventory costing The Company's ending inventory records

 21 POINTS EACH 42 POINTS MAX 2. On January 1,2014 Christopher

21 POINTS EACH 42 POINTS MAX 2. On January 1,2014 Christopher Company adopted the dollar-value LIFO method of inventory costing The Company's ending inventory records appear as follows: Year Current Cost Index $10,000 11,845 12,096 13,090 2014 2015 2016 2017 100 103 108 110 NOTE: Be sure to Compute the Layers in D.V. LIFO Ending Inventory Required: Compute the ending inventory for 2014, 2015,2016 and 2017 using the dollar value carest dollar LIFO method roundedt Ending Increase (Decrease) InventoryBase Year Inventory (Decrease) Relevant Date | At |x)Cost Index At at X Cost IndexRelevant Inventory Current Current Base-Year Base-Year Base-Year Costs Cost Index Costs Costs Current at Costs LIFO Layers in D.V. LIFO Ending Inventory Cost Index $10,000 (S 10.000 @ 100) Hs10,000 S10 000 = 12/31/14 10,000 12/31/15 11,845X 12/31/16 12,096 X 12/31/17 13,090 x

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