Reference no: EM132318570
Question
The following information relates to the Marigold Company.
Date Ending Inventory (End-of-Year Prices) Price Index
December 31, 2013 $7 5,600 100
December 31, 2014 9 8,988 113
December 31, 2015 10 7,125 125
December 31, 2016 12 1,290 130
December 31, 2017 11 3,400 135
Use the dollar-value LIFO method to compute the ending inventory for Marigold Company for 2013 through 2017.