Compute indexes. (Round price index to 2 decimal places, e.g. 1.62.)201920202021Index1.121.281.30SHOW SOLUTIONLINK TO TEXTX Your answer is incorrect. Try again.Compute the ending inventories under the dollar-value LIFO method for 2019, 2020, and 2021. The base period is January 1, 2019, and the beginning inventory cost at that date was $45,300. (Round answers to 0 decimal places, e.g. 5,620.)201920202021Ending Inventories66,20895,40095,400 Problem 8-10Presented below is information related to wildhorse Corporation for the last3 years.Base-Year Cost Current-Year CostQuantitiesin EndingItem Inventories Unit Cost Amount Unit Cost AmountDecember 31, 2019A10,800$2.00 $21,600$2.20 $23,760В6,5003.0019,5003.5523,0754,0005.0020,0005.4021,600Totals $61,100$68,435December 31, 2020A10,800$2.00 $21,600$2.60 $28,0808,6003.0025,8003.7532,2506,5005.0032,5006.4041,600Totals $79,900$101,930December 31, 2021A9,800$2.00 $19,600$2.70 $26,460B9,8003.0029,4004.0039,2006,5005.0032,5006.2040,300Totals $81,500$105,960

E Your answer is incorrect. Try again. Compute the ending inventories under the dollar value LIFO method for 2019, 2020, and 2021. The base period is January 1, 2019, and the beginning inventory cost at that date was $45,300. (Round answers to o decimal places, e.g. S,620.) 2019 2020 2021 Ending Inventories 66,208 95,400 95,400

E Your answer is incorrect. Try again. Compute the ending inventories under the dollar value LIFO method for 2019, 2020, and 2021. The base period is January 1, 2019, and the beginning inventory cost at that date was $45,300. (Round answers to o decimal places, e.g. S,620.) 2019 2020 2021 Ending Inventories 66,208 95,400 95,400

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Presented below is information related to Kaisson Corporation for the last 3 years. Base-Year Cost Current-Year Cost Item Quantitiesin EndingInventories Unit Cost Amount Unit Cost Amount December 31, 2019 A 9,000 $2.00 $18,000 $2.20 $19,800 B 6,000 3.00 18,000 3.55 21,300 C 4,000 5.00 20,000 5.40 21,600 Totals $56,000 $62,700 December 31, 2020 A 9,000 $2.00 $18,000 $2.60 $23,400 B 6,800 3.00 20,400 3.75 25,500 C 6,000 5.00 30,000 6.40 38,400 Totals $68,400 $87,300 December 31, 2021 A 8,000 $2.00 $16,000 $2.70 $21,600 B 8,000 3.00 24,000 4.00 32,000 C 6,000 5.00 30,000 6.20 37,200 Totals $70,000 $90,800 Instructions Compute the ending inventories under the dollar-value LIFO method for 2019, 2020, and 2021. The base period is January 1, 2019, and the beginning inventory cost at that date was $45,000. Compute indexes to two decimal places.
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