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Category > Accounting Posted 12 Dec 2017 My Price 10.00

Use the dollar-value LIFO method

The following information relates to the Jimmy Johnson Company.

 

Date Ending Inventory
(End-of-Year Prices)		 Price
Index
December 31, 2010 $ 62,900 100
December 31, 2011 144,914 154
December 31, 2012 155,720 170
December 31, 2013 174,592 176
December 31, 2014 162,321 183

 

Use the dollar-value LIFO method to compute the ending inventory for Johnson Company for 2010 through 2014.

 

Ending Inventory
2010 $
2011 $
2012 $
2013 $
2014

$

 

Answers

CourseLover
(12)
Status NEW Posted 12 Dec 2017 02:12 PM My Price 10.00

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