E8-26B (Dollar-Value LIFO) The following information relates to James Company.

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E8-26B (Dollar-Value LIFO) The following information relates to James Company.

                                        Ending Inventory                      Price

          Date                    (End-of-Year Prices)                 Index

December 31, 2013          $154,000                                100

December 31, 2014            196,768                                104

December 31, 2015            205,656                                114

December 31, 2016            228,448                                118

December 31, 2017            211,200                                120

Instructions

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

 

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