Maurice Tutor

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Category > Management Posted 03 Jun 2017 My Price 14.00

The inventory value for its one inventory

On January 1, 2013, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $420,000. Inventory data for 2013 through 2015 are as follows:

 

Date Ending Inventory at Year-End Costs Cost Index
12/31/13 $ 448,800     1.02  
12/31/14   505,050     1.11  
12/31/15   534,000     1.20  

 

Required:
Calculate Taylor's ending inventory for 2013, 2014, and 2015.
 
 
  Ending
Date Inventory
12/31/13  
12/31/14  
12/31/15  

Answers

Maurice Tutor
(5)
Status NEW Posted 03 Jun 2017 12:06 AM My Price 14.00

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