The following information relates to the Jimmy Johnson Company.Date Ending Inventory (End-of-Year Prices) Price Index December 31,2010 $ 46,700 100 December 31, 2011 134,696 149 December 31, 2012145,695 165 December 31, 2013 164,390 170 December 31, 2014 153,970178 Use the dollar-value LIFO method to compute the endinginventory for Johnson Company for 2010 through 2014.
The following information relates to the Jimmy Johnson Company.Date Ending Inventory (End-of-Year Prices) Price Index December 31,2010 $ 46,700 100 December 31, 2011 134,696 149 December 31, 2012145,695 165 December 31, 2013 164,390 170 December 31, 2014 153,970178 Use the dollar-value LIFO method to compute the endinginventory for Johnson Company for 2010 through 2014.
Related questions
The following information relates to the Jimmy JohnsonCompany.
Date | Ending Inventory (End-of-Year Prices) | Price Index |
|---|---|---|
December 31, 2013 | $â65,200 | 100 |
December 31, 2014 | ââ106,560 | 120 |
December 31, 2015 | ââ114,444 | 132 |
December 31, 2016 | â130,287 | 137 |
December 31, 2017 | â122,980 | 143 |
Instructions
Use the dollar-value LIFO method to compute the ending inventoryfor Johnson Company for 2013 through 2017.
The following information relates to the MartinezCompany.
Date | Ending Inventory | Price | ||||
| December 31, 2013 | $ 68,900 | 100 | ||||
| December 31, 2014 | 115,712 | 128 | ||||
| December 31, 2015 | 125,386 | 142 | ||||
| December 31, 2016 | 139,722 | 146 | ||||
| December 31, 2017 | 131,121 | 153 | ||||
Use the dollar-value LIFO method to compute the ending inventoryfor Martinez Company for 2013 through 2017. please show work
