Question: Current Attempt in Progress Cullumber Company had ending inventory at end-of-year prices of $205,000 at December 31, 2016; 226,000 at December 31, 2017; and
Current Attempt in Progress Cullumber Company had ending inventory at end-of-year prices of $205,000 at December 31, 2016; 226,000 at December 31, 2017; and $241,500 at December 31, 2018. The year-end price indexes were 100 at 12/31/16, 106 at 12/31/17, and 110 at 12/31/18. Compute the ending inventory for Cullumber Company for 2016 through 2018 using the dollar-value LIFO method. (Round answers to O decimal places, e.g. 5,275.) Ending inventory 2016 A 2017 2018
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