Compute the ending inventory for Vaughn Company

Reference no: EM132748843

Question - Vaughn Company had ending inventory at end-of-year prices of $112,000 at December 31, 2019; $134,288 at December 31, 2020; and $150,600 at December 31, 2021. The year-end price indexes were 100 at 12/31/19, 110 at 12/31/20, and 120 at 12/31/21.

Required - Compute the ending inventory for Vaughn Company for 2019 through 2021 using the dollar-value LIFO method.

Reference no: EM132748843

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