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...

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...

Kingbird Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2016. At that time...

Kingbird Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2016. At that time the inventory had a cost of $57,000 and a retail price of $100,000. The following information is available. Year-End Inventory at Retail Current Year Cost—Retail % Year End Price Index 2016 $133,560 56% 106 2017 146,520 59% 111 2018 124,120 60% 116 2019 168,750 57% 125 The price index at January 1, 2016, is 100. Compute the ending inventory at December 31 of the...

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