Question
The following information relates to the Martinez Company.
Date
Ending Inventory
(End-of-Year Prices)
Price
Index
Use the dollar-value LIFO method to compute the ending inventory for Martinez Company for 2013 through 2017. please show work
|
Date |
|
Ending Inventory (End-of-Year Prices) |
|
Price Index |
||
|
December 31, 2013 |
|
|
$ 68,900 |
|
|
100 |
|
December 31, 2014 |
|
|
115,712 |
|
|
128 |
|
December 31, 2015 |
|
|
125,386 |
|
|
142 |
|
December 31, 2016 |
|
|
139,722 |
|
|
146 |
|
December 31, 2017 |
|
|
131,121 |
|
|
153 |
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