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Compute the ending inventory for choctaw company

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Reference no: EM131791854

Problem

The following information relates to the Choctaw Company.

 

Ending Inventory
(End-of-Year Prices)

Price
Index

December 31, 2009

$66,900

100

December 31, 2010

132,060

155

December 31, 2011

141,759

171

December 31, 2012

160,185

177

December 31, 2013

145,728

184

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

Reference no: EM131791854

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