Question: Please do not re post already posted answer to this question. Please clearly label the ending inventory amount for each year. Please also show the
Please do not re post already posted answer to this question. Please clearly label the ending inventory amount for each year. Please also show the calculations.
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Presented below is information related to Splish Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index | ||||
|---|---|---|---|---|---|---|
| December 31, 2017 | $ 83,600 | 100 | ||||
| December 31, 2018 | 261,723 | 231 | ||||
| December 31, 2019 | 258,456 | 264 | ||||
| December 31, 2020 | 292,006 | 286 | ||||
| December 31, 2021 | 349,580 | 308 | ||||
| December 31, 2022 | 421,399 | 319 | ||||
Compute the ending inventory for Splish Company for 2017 through 2022 using the dollar-value LIFO method.
| Ending Inventory | |||
|---|---|---|---|
| 2017 | $enter a dollar amount | ||
| 2018 | $enter a dollar amount | ||
| 2019 | $enter a dollar amount | ||
| 2020 | $enter a dollar amount | ||
| 2021 | $enter a dollar amount | ||
| 2022 | $enter a dollar amount |
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