Question - Presented below is information related to Coronado Company.
|
Date
|
Ending Inventory (End-of-Year Prices)
|
Price Index
|
|
December 31, 2014
|
$76,400
|
100
|
|
December 31, 2015
|
231,240
|
205
|
|
December 31, 2016
|
225,576
|
234
|
|
December 31, 2017
|
254,762
|
254
|
|
December 31, 2018
|
305,487
|
273
|
|
December 31, 2019
|
363,089
|
283
|
Required - Compute the ending inventory for Coronado Company for 2014 through 2019 using the dollar-value LIFO method.