Question: Esquire Inc uses the LIFO method to value its inventory Inventory at January 1, 2013, was $950,000 (38,000 units at $25 each) During 2013, 116,000

 Esquire Inc uses the LIFO method to value its inventory Inventory

Esquire Inc uses the LIFO method to value its inventory Inventory at January 1, 2013, was $950,000 (38,000 units at $25 each) During 2013, 116,000 units were purchased, all at the same price of $30 per unit. 120,000 units were sold during 2013. Esquire uses a periodic inventory system. Complete the below table to calculate the December 31, 2013, ending inventory and cost of goods sold. On January 1, 2013, the Taylor Company adopted the dollar-value LIFO method The inventory value for its one inventory pool on this date was $150,000 Inventory data for 2013 through 2015 are as follows Calculate Taylor's ending inventory for 2013,2014. and 2015

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