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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
(Dollar-Value LIFO) Presented below is information related to Martin Company.
|
Date |
Ending Inventory |
Price Index |
|
31-Dec-09 |
$80,000 |
100 |
|
31-Dec-10 |
111,300 |
105 |
|
31-Dec-11 |
108,000 |
116 |
|
31-Dec-12 |
122,200 |
120 |
|
31-Dec-13 |
147,000 |
125 |
|
31-Dec-14 |
176,900 |
 |
Instructions
Use the dollar-value LIFO method to compute the ending inventory for Choctaw Company for 2009 through 2013.
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