Question: How do you find the quantity you multiply by current year cost- retail% and year end price index for Layers 2? Sheridan Corporation adopted the

How do you find the quantity you multiply by current year

How do you find the quantity you multiply by current year cost- retail% and year end price index for Layers 2?

Sheridan Corporation adopted the dollar-value LIFO retail inventory method on January 1 , 2024. At that time the inventory had a cost of $59,000 and a retail price of $100,000. The following information is available. The price index at January 1,2024 , is 100. Compute the ending inventory at December 31 of the years 2024-2027. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answers to 0 decimal places, e.g. 28,987.)

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