Compute the ending inventories under the dollar-value lifo

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Reference no: EM13483220

Presented below is information related to Kaisson Corporation for the last 3 years.

		Base-Year Cost		Current-Year Cost
Item	Quantities in Ending Inventories	Unit Cost	Amount	Unit Cost	Amount
December 31, 2013
A	10,990	$2.47	$27,145	$2.71	$29,783
B	7,990	3.70	29,563	4.38	34,996
C	5,990	6.17	36,958	6.66	39,893
		Totals	$93,666		$104,672
December 31, 2014
A	10,990	$2.47	$27,145	$3.21	$35,278
B	8,790	3.70	32,523	4.62	40,610
C	7,990	6.17	49,298	7.89	63,041
		Totals	$108,966		$138,929
December 31, 2015
A	9,990	$2.47	$24,675	$3.33	$33,267
B	9,990	3.70	36,963	4.93	49,251
C	7,990	6.17	49,298	7.64	61,044
		Totals	$110,936		$143,562

Compute the ending inventories under the dollar-value LIFO method for 2013, 2014, and 2015. The base period is January 1, 2013, and the beginning inventory cost at that date was $45,300.

Reference no: EM13483220

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