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.
