Question: Need help with 2020 inventory Exercise 8-23 Your answer is partially correct. Try again. The following information relates to the Michael Jones Company Price Index

Need help with 2020 inventory

Exercise 8-23 Your answer is partially correct. Try again. The following information relates to the Michael Jones Company Price Index 100 Date December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 Ending Inventory (End-of-Year Prices) $ 75,600 98,988 107,125 121,290 113,400 113 125 130 135 Use the dollar value LIFO method to compute the ending inventory for Jones Company for 2016 through 2020. Ending Inventory 75600 2016 89160 87013 2019 96893 2020

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