Aber Company manufactures one product. On December 31, 2016, Aber adopted the dollar-value LIFO inventory method....

Aber Company manufactures one product. On December 31, 2016, Aber adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $900,000. Inventory data are as follows: Year Inventory at year-end prices Price index (base year 2016) 2017 $1,260,000 1.05 2018 1,840,000 1.15 2019 1,900,000 1.25 Compute the inventory at December 31, 2017, 2018, and 2019, using the dollar-value LIFO method for each year. Inventory at December 31, 2017 $ Inventory at December 31, 2018 $ Inventory at December 31, 2019 $

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Eastman Corporation manufactures one product. On December 31, 2018, Eastman adopted the dollar-value LIFO inventory method....

Eastman Corporation manufactures one product. On December 31, 2018, Eastman adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $850,000. Inventory data are as follows: Year Inventory @ Year-End Prices Price Index (base year 2018 2019 $1,180,000 1.05 2020 $1,940,000 1.15 2021 $1,800,000 1.25 1. Compute the inventory at December 31, 2019, 2020 and 2021, using the dollar-value LIFO method for each year, including the LIFO Reserve....

Dollar-Value LIFO Belstock Company manufactures one product. On December 31, 2015, Belstock adopted the dollar-value LIFO...

Dollar-Value LIFO Belstock Company manufactures one product. On December 31, 2015, Belstock adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $200,000. Inventory data for succeeding years are as follows: Year Inventory at Respective Year-End Prices Price Index (Base Year 2015) 2016 $231,000 1.05 2017 299,000 1.15 2018 300,000 1.20 Required: Compute the ending inventory using the dollar-value LIFO method for 2016, 2017, and 2018. Do not round your intermediate calculations....

Bramble Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2016. Its inventory...

Bramble Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2016. Its inventory at that date was $1102000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date Inventory at Current Prices Current Price Index December 31, 2017 $1296000 108 December 31, 2018 1441000 125 December 31, 2019 1612000 130 What is the cost of the ending inventory at December 31, 2019 under dollar-value LIFO?

Umni Company manufactures one product. Beginning in 2013, Umni adopted the dollar-value LIFO inventory method. Required:...

Umni Company manufactures one product. Beginning in 2013, Umni adopted the dollar-value LIFO inventory method. Required: Please show all calculations Inventory data for the years following the base-year are: Inventory at Price index Year year-end prices (base year 2013) 2013 $180,000 1.00 2014 252,000 1.05 2015 264,500 1.15 2016 387,500 1.25 a) Compute the ending inventory at December 31, 2013, 2014, 2015, and 2016, using the dollar-value LIFO method for each year. Clearly indicate the inventory amount that will be...

Carla Vista Company manufactures one product. On December 31, 2019, Carla Vista adopted the dollar-value LIFO...

Carla Vista Company manufactures one product. On December 31, 2019, Carla Vista adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $960,000. Inventory data are as follows: Year Inventory at year-end prices Price index (base year 2019) 2020 $1,285,200 1.05 2021 1,840,000 1.15 2022 1,930,000 1.25 Compute the inventory at December 31, 2020, 2021, and 2022, using the dollar-value LIFO method for each year. Inventory at December 31, 2020 Inventory at...

Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2017. Its inventory...

Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2017. Its inventory at that date was $440,000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Price Index(%) December 31, 2018 $513,600 107 December 31, 2019 580,000 125 December 31, 2020 650,000 130 4- What is the cost of the ending inventory at December 31, 2018 under...

Ajman Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2017. Its inventory...

Ajman Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2017. Its inventory at that date was 220000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows. Date Inventory at Current Prices Current Price index December 31, 2018 256800 107 December 31, 2019 320000 108 December 31, 2020 350000 120 A. What is the cost of ending inventory on December 31, 2018 under dollar value...

Lewis Company adopted the dollar-value LIFO method of inventory valuation on 12/31/18. Its inventory at that...

Lewis Company adopted the dollar-value LIFO method of inventory valuation on 12/31/18. Its inventory at that date was $320,000 and the relevant price index was 100. What will Lewis report as inventory at the end of 2019, 2020, 2021, and 2022 using dollar-value LIFO? Date Inv at current price current price index inv at base level price 12/31/19 338,000 104 325,000 12/31/20 371,000 106 350,000 12/31/21 372,600 108 345,000 12/31/22 381,500 109 350,000

On January 1, 2016, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this...

On January 1, 2016, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $114,000. The 2016 ending inventory, valued at year-end costs, was $165,000. The relative cost index for this inventory in 2016 was 1.20. Suppose that Badger's 2017 ending inventory, valued at year-end costs, was $176,400 and that the relative cost index for this inventory in 2017 was 1.26. In determining the inventory balance should Badger report in its 12/31/17 balance sheet:

On January 1, 2018, the Haskins Company adopted the dollar-value LIFO method for its one inventory...

On January 1, 2018, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool’s value on this date was $850,000. The 2018 and 2019 ending inventory valued at year-end costs were $897,000 and $972,000, respectively. The appropriate cost indexes are 1.04 for 2018 and 1.08 for 2019. Required: Complete the below table to calculate the inventory value at the end of 2018 and 2019 using the dollar-value LIFO method. (Round "Year end cost index" to...

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