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Martin Company - Dollar Value LIFO Method - 18 Jun, 2012

Presented below is information related to Martin Company.

 

 

Ending Inventory

Price

Date

(End of year prices)

Index

31-Dec-07

$80,000

100

31-Dec-08

111,300

105

31-Dec-09

108,000

120

31-Dec-10

122,200

130

31-Dec-11

147,000

140

31-Dec-12

176,900

145

 

Instructions

Compute the ending inventory for Martin Company for 2007 through 2012 using the dollar-value LIFO method.



Category : Financial Accounting

Search Keywords :
Martin , Dollar-value , LIFO , Method , Ending , Inventory 


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Answer  - 18 Jun, 2012
Please see the excel attachment....


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