Presented below is information related to Kingbird Company. Date December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025 December 31, 2026 December 31, 2027 Ending Inventory (End-of-Year Prices) $78,200 122,040 120.776 136.144 160,848 192,061 Price Index 100 108 124 134 144 149 Compute the ending inventory for Kingbird Company for 2022 through 2027 using the dollar-value LIFO m Ending Inventory
Presented below is information related to Kingbird Company. Date December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025 December 31, 2026 December 31, 2027 Ending Inventory (End-of-Year Prices) $78,200 122,040 120.776 136.144 160,848 192,061 Price Index 100 108 124 134 144 149 Compute the ending inventory for Kingbird Company for 2022 through 2027 using the dollar-value LIFO m Ending Inventory
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Presented below is information related to Kingbird Company.
December 31, 2022
December 31, 2023
December 31, 2024
December 31, 2025
December 31, 2026
December 31, 2027
2022
Date
2023
2024
Ending Inventory
(End-of-Year Prices)
$
$78,200
122,040
120,776
136.144
160.848
192,061
Compute the ending inventory for Kingbird Company for 2022 through 2027 using the dollar-value LIFO met
Ending Inventory
78200
87963.2028
Price
Index
94314.71
100
108
124
134
144
149
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