Presented below is information related to Tamarisk Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31,
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Presented below is information related to Tamarisk Company.
Date | Ending Inventory (End-of-Year Prices) | Price Index |
---|---|---|
December 31, 2017 | $87,400 | 100 |
December 31, 2018 | 212,625 | 189 |
December 31, 2019 | 209,304 | 216 |
December 31, 2020 | 235,170 | 234 |
December 31, 2021 | 281,736 | 252 |
December 31, 2022 | 339,039 | 261 |
Compute the ending inventory for Tamarisk Company for 2017 through 2022 using the dollar-value LIFO method.
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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