Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 13.00

Kaisson Corporation

Presented below is information related to Kaisson Corporation for the last 3 years.

       

Base-Year Cost

  

Current-Year Cost

Item

  

Quantities
in Ending
Inventories

  

Unit Cost

  

Amount

  

Unit Cost

  

Amount
December 31, 2013                
A   9,760   $2.90   $28,304   $3.19   $31,134
B   6,760   4.35   29,406   5.14   34,746
C   4,760   7.25   34,510   7.82   37,223
        Totals   $92,220       $103,103
December 31, 2014                
A   9,760   $2.90   $28,304   $3.77   $36,795
B   7,560   4.35   32,886   5.43   41,051
C   6,760   7.25   49,010   9.27   62,665
        Totals   $110,200       $140,511
December 31, 2015                
A   8,760   $2.90   $25,404   $3.91   $34,252
B   8,760   4.35   38,106   5.80   50,808
C   6,760   7.25   49,010   8.98   60,705
        Totals   $112,520      

$145,765
Your answer is correct.
   

Compute indexes. (Round price index to 2 decimal places, e.g. 1.62.)

   

2013 Price index = 1.12

2014 Price index = 1.28

2015 Price index = 1.30

I already computed the price indexes I need the rest of the problem.

Compute the ending inventories under the dollar-value LIFO method for 2013, 2014, and 2015. The base period is January 1, 2013, and the beginning inventory cost at that date was $52,300. (Round answers to 0 decimal places, e.g. 5,620.)

PLEASE SHOW WORK!!!!!

 

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 05:08 PM My Price 13.00

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