Presented below is information related to Marigold Company. December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025 December 31, 2026 December 31, 2027 Date 2022 2023 2024 $ $ Ending Inventory (End-of-Year Prices) $ $77,100 116,865 115,440 129,870 154,840 186,325 Compute the ending inventory for Marigold Company for 2022 through 2027 using the dollar-value LIFO method. Ending Inventory 77100 113010 Price Index 97155 100 105 120 130 140 145
Presented below is information related to Marigold Company. December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025 December 31, 2026 December 31, 2027 Date 2022 2023 2024 $ $ Ending Inventory (End-of-Year Prices) $ $77,100 116,865 115,440 129,870 154,840 186,325 Compute the ending inventory for Marigold Company for 2022 through 2027 using the dollar-value LIFO method. Ending Inventory 77100 113010 Price Index 97155 100 105 120 130 140 145
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
Intermediate Accounting 105
Please, may I have my own explanation to the computation workings for this problem?
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![Presented below is information related to Marigold 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
$
$
$
$
Compute the ending inventory for Marigold Company for 2022 through 2027 using the dollar-value LIFO method.
$
Ending Inventory
(End-of-Year Prices)
$
$77,100
116.865
115,440
129,870
154,840
186,325
Ending Inventory
77100
113010
97155
101965
116945
Price
Index
142900
100
105
120
130
140
145](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F717b76b4-160b-4d09-bf30-5738b03be980%2Fb6c901a8-eda2-40e6-9e34-ce269bf03653%2Fsjvw89_processed.png&w=3840&q=75)
Transcribed Image Text:Presented below is information related to Marigold 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
$
$
$
$
Compute the ending inventory for Marigold Company for 2022 through 2027 using the dollar-value LIFO method.
$
Ending Inventory
(End-of-Year Prices)
$
$77,100
116.865
115,440
129,870
154,840
186,325
Ending Inventory
77100
113010
97155
101965
116945
Price
Index
142900
100
105
120
130
140
145
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