The following information relates to the Brian Lee Company.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information relates to the Brian Lee Company.
Date
Date
Ending Inventory (End-of-Year Prices) price index
December 31, 2021
65600
100
December 31, 2022
118040
130
December 31, 2023 127728
December 31, 2024 143636
December 31, 2025 133765
Use the dollar-value LIFO method to compute the ending inventory for Lee Company for
2021 through 2025.
144
149
155
Transcribed Image Text:The following information relates to the Brian Lee Company. Date Date Ending Inventory (End-of-Year Prices) price index December 31, 2021 65600 100 December 31, 2022 118040 130 December 31, 2023 127728 December 31, 2024 143636 December 31, 2025 133765 Use the dollar-value LIFO method to compute the ending inventory for Lee Company for 2021 through 2025. 144 149 155
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