The following information relates to the Choctaw Company

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E8-26 The following information relates to the Choctaw Company.
 
Ending Inventory Price
Date (End-of-Year Prices) Index
December 31, 2009 $ 70,000 100
December 31, 2010 88,200 105
December 31, 2011 95,120 116
December 31, 2012 108,000 120
December 31, 2013 100,000 125
 
Instructions
Use the dollar-value LIFO method to compute the ending inventory for Choctaw Company for 2009 through 2013.

 

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    The following information relates to the Choctaw Company
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