Calculate the ending inventory of the Nash Company from 2017 to 2022 using the dollar value LIFO
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Question:
Calculate the ending inventory of the Nash Company from 2017 to 2022 using the dollar value LIFO method.
Date | Running Out of Stock | Price | ||||
---|---|---|---|---|---|---|
December 31, 2017 | $ 73,200 | 100 | ||||
December 31, 2018 | 128,876 | 116 | ||||
December 31, 2019 | 124,608 | 132 | ||||
December 31, 2020 | 140.426 | 143 | ||||
December 31, 2021 | 168,476 | 154 | ||||
December 31, 2022 | 199,520 | 160 |
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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