Dollar-Value LIFO On January 1, 2015, Sato Company adopted the dollar-value LIFO method of inventory costing. Sato's ending inventory records appear as follows: Year Current Cost Index 100 2015 120 2016 2017 2018 $34,900 48,780 2018 51,090 63,420 Required: Compute the ending inventory for the years 2015, 2016, 2017, and 2018, using the dollar-value LIFO method. Do not round your intermediate calculations. If required, round your answers to the nearest dollar. Year Ending inventory 2015 34,900 2016 2017 $ $ $ 130 140

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Dollar-Value LIFO
On January 1, 2015, Sato Company adopted the dollar-value LIFO method of inventory
costing. Sato's ending inventory records appear as follows:
Year Current Cost Index
2015
100
120
2016
2017
2018
Year
2015
$
2016 $
2017 $
$34,900
48,780
51,090
2018
63,420
Required:
Compute the ending inventory for the years 2015, 2016, 2017, and 2018, using the
dollar-value LIFO method. Do not round your intermediate calculations. If required,
round your answers to the nearest dollar.
130
140
Ending inventory
34,900
Transcribed Image Text:Dollar-Value LIFO On January 1, 2015, Sato Company adopted the dollar-value LIFO method of inventory costing. Sato's ending inventory records appear as follows: Year Current Cost Index 2015 100 120 2016 2017 2018 Year 2015 $ 2016 $ 2017 $ $34,900 48,780 51,090 2018 63,420 Required: Compute the ending inventory for the years 2015, 2016, 2017, and 2018, using the dollar-value LIFO method. Do not round your intermediate calculations. If required, round your answers to the nearest dollar. 130 140 Ending inventory 34,900
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