Question: please write answers in the same format. thank you On January 1, 2021, the Taylor Company adopted the dollar-value LIFO method. The inventory value for

please write answers in the same format. thank you  please write answers in the same format. thank you On January
1, 2021, the Taylor Company adopted the dollar-value LIFO method. The inventory

On January 1, 2021, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $400,000. Inventory data for 2021 through 2023 are as follows: Data 12/31/2021 12/31/2022 12/31/2023 Ending Inventory at Year-End Coats $441,000 487,200 510,000 Cost Index 1.05 1.12 1.20 Required: Calculate Taylor's ending Inventory for 2021, 2022, and 2023. Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Date Inventory at Year-End Cost Year-End Cost Index Year-End Cost Index Inventory Layers Converted to Cost 01/01/2021 12/31/2021 = $ $ 400,000 441,000 1.00 1.05 Inventory Inventory Layers Layers at Base at Base Year Year Cost Cost $ 400,000 Base $ 400,000 $ 420,000 Base $ 400,000 2021 $ 20,000 $ 0 : 0 12/31/2022 $ 487,200 + 1.12 $ 435,000 Bases 2021 $ 2022 $ 400,000 20,000 15,000 ### 12/31/2023 $ 510,000 1.20 - $ 425,000 Base 2021 2022 2023 $

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