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Exercise 8-23 The following information relates to the Shamrock Company Date Ending Invent…

by | Sep 9, 2023 | accounting

Exercise 8-23

The following information relates to the Shamrock Company

Date

Ending Inventory
(End-of-Year Prices)

Price
Index

December 31, 2013 $ 75,800 100
December 31, 2014 95,700 110
December 31, 2015 103,944 122
December 31, 2016 118,314 126
December 31, 2017 109,254 131

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

Ending Inventory
2013

______________

2014

______________

2015

___________

2016

____________

2017

____________

  

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