Prepare Ending Inventory Using LIFO Method

Question

(Dollar – value LIFO) Presented below is information related to Dino Radja Company.
                                                                               Ending Inventory                         Price
Date                                                                    (End-of-Year Prices)                       Index                                                                   
December 31, 2005                                                         $80,000                               100
December 31, 2006                                                         115,500                               105
December 31, 2007                                                         108,000                               120
December 31, 2008                                                         122,200                               130
December 31, 2009                                                         154,000                               140
December 31, 2010                                                         176,900                               145

Instructions:

Compute the ending inventory for Dino Radja Company for 2005 through 2010 using the dollar-value LIFO method.

Summary

The question belongs to Accounting and it is about preparing an ending inventory for a company using LIFO method.

Total Word Count 104

Download Full Solution

Comments

  • HWA
    Rasha

    this is a very good website

  • HWA
    maani

    I have 50 questions for the same test your page is showing only 28

  • HWA
    joeanne

    hi can you please help or guide me to answer my assignments. thanks

  • HWA
    joeanne

    hi can anyone help or guide me to my assignments. thanks

  • HWA
    Monik


  • HWA
    Cristina

    This solution is perfect ...thanks

  • HWA
    Janete

    Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

  • HWA
    Sandeep

    Perfect bank of solution. 

  • HWA
    Oxana

    great !

  • HWA
    Paul Brandon-Fritzius

    thanks for the quick response. the solution looks good. :)

  • HWA
    tina Johnson

    thnx for the answer. it was perfect. just the way i wanted it. 

  • HWA
    Giuseppe

    works fine.