Question: Someone please answer this question as soon as possible!!! Problem 8-11 Vaughn Company understand how to value the inventory pools using this new hethod, cans
Problem 8-11 Vaughn Company understand how to value the inventory pools using this new hethod, cans a variety of vegetable-type soups. Recently, the company decided to value its inventories using dollar- does not so, as a private consultant, you have been asked to teach him how this new He has provided you with the following information about purchases made over a 6-year period. Ending Inventory Date Dec. 31, 2013 Dec. 31, 2014 Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2017 Dec. 31, 2018 Price Index $73,500 115,992 111,476 132,392 150,912 176,267 124 134 144 149 e: 00:29 PM s min. Dec. 31, 2015 Dec. 31, 2016 Dec. 31, 2017 Dec. 31, 2018 111,476 132,392 150,912 176,267 124 134 149 You have already explained to him how this inventory method is maintained, but he would feel better about it if you were to leave him detailed instrutions explaining how these caloulations are dore and why he needs to put all inventories at a base year value. Compute the ending inventory for Richardson Company for 2013 through 2018 using dollar-value LIFO. 73500 2013 2014 2015 2016 2017 2018
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