Question: help G H B D E 1 Presented below is information related to Meghani Company. 2 Ending Date Inventory 3 (End-of-Year) (FIFO) Price Index 4

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Index 4 2020 $128,000 100 5 2021 212,000 105 6 2022 218,658

G H B D E 1 Presented below is information related to Meghani Company. 2 Ending Date Inventory 3 (End-of-Year) (FIFO) Price Index 4 2020 $128,000 100 5 2021 212,000 105 6 2022 218,658 110 7 2023 282,500 115 8 2024 300,500 125 9 10 11 Instructions: 12 Compute the ending inventory for Meghani Company for 2020 through 2024 using the dollar-value LIFO method. 13 Inventory at end-of-year prices Inventory at base-year Price Indes price Layers Index Value LIFO Value LIFO Total LIFO Reserve 14 Year 15 2020 16 2021 17 Cost Flow Assumption LIFO Sheet3 Ready G H Compute the ending inventory for Meghani Company for 2020 through 2024 using the dollar-value LIFO method. 13 Inventory at Inventory at end-of-year base-year 14 Year prices Price Indes price Layers Index Value UFO Value LIFO Total LIFO Reserve 15 2020 16 2021 17 18 19 2022 20 21 22 2023 23 24 25 26 27 2024 28 29 30 31 Cost Flow Assumption LIFO Sheets 32 33 Journal entries 34 2021 35 36 37 2022 38 39 40 2023 41 42 43 2024 45 2023 47 Cost Flow Assumption LIFO Sheet3

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