Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
Answer:
Dino Radja Company
The ending inventory for Dino Radja Company for 2017 through 2022 using the dollar-value LIFO method:
Date Ending Inventory Price Dollar Value
(End-of-Year Prices) Index LIFO
December 31, 2017 $ 80,000 100 $80,000 ($80,000*1.00)
December 31, 2018 115,500 105 110,000 ($115,500/1.05)
December 31, 2019 108,000 120 90,000 ($108,000/1.20)
December 31, 2020 122,200 130 94,000 ($122,200/1.30)
December 31, 2021 154,000 140 110,000 ($154,000/1.40)
December 31, 2022 176,900 145 122,000 ($176,900/1.45)
Explanation:
a) Data and Calculations:
Date Ending Inventory Price Index
(End-of-Year Prices)
December 31, 2017 $ 80,000 100
December 31, 2018 115,500 105
December 31, 2019 108,000 120
December 31, 2020 122,200 130
December 31, 2021 154,000 140
December 31, 2022 176,900 145
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.