1-02 Busin W WileypLus WileyPLUS ttps:/ /edugen Kieso, Intermediate Accounting,

Question

1-02 Busin W WileypLus WileyPLUS ttps:/ /edugen Kieso, Intermediate Accounting, 16e actice Gradebook ORION Downloadable eTextbook Assignment INTERMEDIATE ACCOUNTINGI & II (CBAD gnment Brief Exercise 8-8 Sheridan Company had ending inventory at end-of-year and 117 at 12/31/18. year prices of $135,700 at December 31, 2016; $165,528 at December 31, 20122 and $177.255 at Decamber 31, 2018. Tha rear end price Indexes were 100 at 1231/2o, LI4 ar 1231/2 $135,700 at Compute the ending inventory for Sheridan Company for 2016 through 2018 using the dollar-value LIFO mathod. 2016 2017 2018 Ending Inventory s Click if you would like to Show Work for this question: Open Show. Wock Question Attempts: 0 of 1 used SAVE FOR LATER s Reserved, A Division of

Explanation / Answer

Calculate ending inventory :

2016 2017 2018 Ending inventory 135700 (135700*1+9500*1.14) = 146530 (135700*1+9500*1.14+6300*1.17) = 153901

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