Question

Presented below is information related to Dino RadjaCompany.

Date

 

Ending Inventory

(End-of-Year Prices)

 

Price

Index

December 31, 2011

 

 

$ 75,700

 

 

100

December 31, 2012

 

 

127,116

 

 

107

December 31, 2013

 

 

126,636

 

 

122

December 31, 2014

 

 

143,748

 

 

132

December 31, 2015

 

 

170,742

 

 

143

December 31, 2016

 

 

198,468

 

 

148

             

 

Compute the ending inventory for Dino Radja Company for 2011through 2016 using the dollar-value LIFO method.

 



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