Presented below is information related to Oriole Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2022 $181,000 100 December 31, 2023 268,254 126 December 31, 2024 272,826 138 December 31, 2025 302,550 150 December 31, 2026 346,356 162 December 31, 2027 388,920 168 Compute the ending inventory for Oriole Company for 2022 through 2027 using the dollar-value LIFO method. 2022 $ 023 Ending Inventory 181000 221194 SUPPORT

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 Oriole Company.
Date
Ending Inventory
(End-of-Year Prices)
Price
Index
December 31, 2022
$181,000
100
December 31, 2023
268,254
126
December 31, 2024
272,826
138
December 31, 2025
302,550
150
December 31, 2026
346,356
162
December 31, 2027
388,920
168
Compute the ending inventory for Oriole Company for 2022 through 2027 using the dollar-value LIFO
method.
2022
$
023
Ending Inventory
181000
221194
SUPPORT
Transcribed Image Text:Presented below is information related to Oriole Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2022 $181,000 100 December 31, 2023 268,254 126 December 31, 2024 272,826 138 December 31, 2025 302,550 150 December 31, 2026 346,356 162 December 31, 2027 388,920 168 Compute the ending inventory for Oriole Company for 2022 through 2027 using the dollar-value LIFO method. 2022 $ 023 Ending Inventory 181000 221194 SUPPORT
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