Compute the ending inventory for Skysong Company for 2022 through 2027 using the dollar-value LIFO metho Ending Inventory

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Presented below is information related to Skysong Company.
December 31, 2022
December 31, 2023
December 31, 2024
December 31, 2025
December 31, 2026
December 31, 2027
2022
2023
2024
2025
Date
2026
2027
$
+A
Compute the ending inventory for Skysong Company for 2022 through 2027 using the dollar-value LIFO method.
$
EA
tA
+A
Ending Inventory
(End-of-Year Prices)
+A
$87,400
119,305
116,388
132,601
157,157
186,480
Ending Inventory
87400
113187
93545
99264
113850
Price
Index
100
107
137678
122
133
143
148
Transcribed Image Text:Presented below is information related to Skysong Company. December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025 December 31, 2026 December 31, 2027 2022 2023 2024 2025 Date 2026 2027 $ +A Compute the ending inventory for Skysong Company for 2022 through 2027 using the dollar-value LIFO method. $ EA tA +A Ending Inventory (End-of-Year Prices) +A $87,400 119,305 116,388 132,601 157,157 186,480 Ending Inventory 87400 113187 93545 99264 113850 Price Index 100 107 137678 122 133 143 148
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