Acc423-Presented below is information related to Martin Company.

E8-25 Dollar-Value LIFO

Presented below is information related to Martin Company.

Date

Ending Inventory (End-of-Year Prices)

Price Index

31-Dec-09

80,000

100

31-Dec-10

111,300

105

31-Dec-11

108,000

120

31-Dec-12

122,200

130

31-Dec-13

147,000

140

31-Dec-14

176,900

$145

Instructions

Compute the ending inventory for Martin Company for 2009 through 2014 using the dollar-value LIFO method.

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