Presented below is information related to Marigold Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31,
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Presented below is information related to Marigold Company.
Date | Ending Inventory | Price | ||||
---|---|---|---|---|---|---|
December 31, 2017 | $ 77,100 | 100 | ||||
December 31, 2018 | 140,238 | 126 | ||||
December 31, 2019 | 138,528 | 144 | ||||
December 31, 2020 | 155,844 | 156 | ||||
December 31, 2021 | 185,808 | 168 | ||||
December 31, 2022 | 223,590 | 174 |
Compute the ending inventory for Marigold Company for 2017 through 2022 using the dollar-value LIFO method.
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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