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Compute the ending inventory for pharoah company

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Question

The following information relates to the Pharoah Company.

Ending Inventory

(End-of-Year Prices)

Price

Index

December 31, 2013 $ 63,600 100

December 31, 2014 104,312 118

December 31, 2015 112,320 130

December 31, 2016 125,826 134

December 31, 2017 117,880 140

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

Reference no: EM132382196

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