Question

The following information relates to the Metlook Company. Ending Inventory (End-of-Year Price Date Prices) Index 66,100 100 December 31, 2013 119,210 131 December 31, 2014 145 129,050 December 31, 2015 145,200 150 December 31, 2016 156 December 31, 2017 134,316 Use the dollar-value LIFO method to compute the ending inventory for Metlock Company for 2013 through 2017. Ending Inventory 2013 66100 2014 184085 2015 228974 2016 274990 2017 262589 Click if you would like to show Work for this question Open Show Work

 

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