dollar-value LIFO method

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Presented below is information related to Blue Company.

Date
 
Ending Inventory
(End-of-Year Prices)
 
Price
Index
December 31, 2017
    $ 77,200     100
December 31, 2018
    249,951     221
December 31, 2019
    248,472     252
December 31, 2020
    280,098     273
December 31, 2021
    336,630     294
December 31, 2022
    401,685     305


Compute the ending inventory for Blue Company for 2017 through 2022 using the dollar-value LIFO method.

     
Ending Inventory
2017
   
$enter a dollar amount 
2018
   
$enter a dollar amount 
2019
   
$enter a dollar amount 
2020
   
$enter a dollar amount 
2021
   
$enter a dollar amount 
2022
   
$enter a dollar amount 
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