PLEASE FILL IN THE CIRCLED BOXES. THE REST OF THE VALUES IN OTHER BOXES ARE CORRECT.Note:-• Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.• Answer completely.• You will get up vote for sure. A company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory tobase year. The company began operations on January 1, 2024, with an inventory of $219,000. Year-end inventories at year-end costsand cost indexes for its one inventory pool were as follows:Year EndedDecember 312024202520262027DateRequired:Calculate inventory amounts at the end of each year.Note: Round intermediate calculations and final answers to the nearest whole dollars.01/01/202412/31/202412/31/202512/31/2026Base Year)Ending Inventory at Cost Index (Relative toYear-End Costs$ 333,500426,250403,820395,30012/31/2027Inventory Layers Convertedto Base Year CostInventory atYear-EndCostInventoryLayers atBase YearCost$ 219,000 $$ 333,500 $$ 426,250 $$ 403,820 $$ 395,300 $219,000290,000Base $Base $2024 $341,000 Base $2024 $2025 $Base $2024 $2025 $2026Base $2024 $2025 $20262027331,0001.151.251.221.18335,000Inventory Layers Converted to CostInventoryLayersConverted toCostInventoryLayers at BaseYear Cost219,000 $219,000 $71,000 $219,000 $71,000 $51,000 $219,000 $71,000 $41,000 $219,000 $71,000 $41,000 $Inventory DVLCost219,000 $219,00081,650 $ 300,650219,00081,65063,750 $ 364,400219,00081,65051,250219,00081,65051,250219,000$ 351,900$351,900

Name: PLEASE FILL IN THE CIRCLED BOXES. THE REST OF THE VALUES IN OTHER BOXE
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: PLEASE FILL IN THE CIRCLED BOXES. THE REST OF THE VALUES IN OTHER BOXES ARE CORRECT.Note:-• Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.• Answer completely.• You will get up vote for sure