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Compute the ending inventory for choctaw company

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Reference no: EM131051770

(Dollar-Value LIFO) Presented below is information related to Martin Company.

Date

Ending Inventory
  (End-of-Year Prices)

Price Index

31-Dec-09

$80,000

100

31-Dec-10

111,300

105

31-Dec-11

108,000

116

31-Dec-12

122,200

120

31-Dec-13

147,000

125

31-Dec-14

176,900

 

Instructions

Use the dollar-value LIFO method to compute the ending inventory for Choctaw Company for 2009 through 2013.

Reference no: EM131051770

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