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Dollar-value lifo method to compute the ending inventory

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Reference no: EM131793602

The following information relates to the Kingbird Company.

Date Ending Inventory (End-of-Year Prices) Price index
31-Dec-13 mce_markernbsp;67,600 100
31-Dec-14 96,792 111
31-Dec-15 104,796 123
31-Dec-16 118,491 127
31-Dec-17 110,922 133

Use the dollar-value LIFO method to compute the ending inventory for Kingbird Company for 2013 through 2017.

Reference no: EM131793602

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