Instructions (a) (b) (c) (d) (e) (f) Compute the price index for 2020. Round to 3 decimal places. Compute ending inventory at 12/31/2020 in base year dollars. Calculate ending inventory at 12/31/20 for dollar value LIFO. Compute the price index for 2021. Round to 3 decimal places. Compute ending inventory at 12/31/2021 in base year dollars. Calculate ending inventory at 12/31/21 for dollar value LIFO.

9. The Tam Company uses the retail inventory method and the average cost flow assumption for preparation of its interim reports. Information about Tam's inventory in the second quarter of 2020 is shown below: Cost Retail $ 600 Beginning inventory Purchases $400 800 1,480 Net markups Net markdowns 160 (240) Sales 1,200 What is the estimated cost of Tam's inventory on June 30, 2020? a. $464 b. $480 c. $428 d. $520

A company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year. The company began operations on January 1, 2024, with an inventory of $219,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 2024 2025 2026 2027 Date 01/01/2024 12/31/2024 Required: Calculate inventory amounts at the end of each year. Note: Round intermediate calculations and final answers to the nearest whole dollars. 12/31/2025 12/31/2026 Ending Inventory at Cost Index (Relative to Year-End Costs Base Year) $333,500 426, 250 403, 820 395,300 12/31/2027 Inventory Layers Converted to Base Year Cost Inventory at Year-End Cost Inventory Layers at Base Year Cost $ 219,000 $ $ 333,500 $ $ 426,250 $ $ 403,820 $ $ 395,300 $ 219,000 290,000 341,000 335,000 331,000 Base Inventory Layers Converted to Cost Inventory Layers Converted to Cost Base $ Base $ 2024 $ Base $ 2024 $ 2025…

Presented below is information related to Crane Company. Date   Ending Inventory(End-of-Year Prices)   PriceIndex December 31, 2017     $ 72,600     100 December 31, 2018     122,100     110 December 31, 2019     119,952     126 December 31, 2020     135,630     137 December 31, 2021     160,230     147 December 31, 2022     190,608     152 Compute the ending inventory for Crane Company for 2017 through 2022 using the dollar-value LIFO method.       Ending Inventory 2017     $enter a dollar amount   2018     $enter a dollar amount   2019     $enter a dollar amount   2020     $enter a dollar amount   2021     $enter a dollar amount   2022     $enter a dollar amount

Midori Company had ending inventory at end-of-year prices of $100,000 at December 31, 2019; $119,900 at December 31, 2020; and $134,560 at December 31, 2021. The year-end price indexes were 100 at 12/31/19, 110 at 12/31/20, and 116 at 12/31/21. Compute the ending inventory for Midori Company for 2019 through 2021 using the dollar-value LIFO method.

HOW DO I CACULATE ENDING INVENTORY , COST OF GOODS SOLD, GROSS PROFIT ?

Presented below is information related to Dino Radja Company.    Date       Ending Inventory(End-of-Year Prices)    PriceIndex December 31, 2017    $ 80,000    100 December 31, 2018  115,500 105 December 31, 2019  108,000 120 December 31, 2020  122,200 130 December 31, 2021  154,000 140 December 31, 2022  176,900 145 Instructions Compute the ending inventory for Dino Radja Company for 2017 through 2022 using the dollar-value LIFO method.

Data table Net Sales Revenue Cost of Goods Sold: New Home Income Statement Year Ended December 31, 2019 Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit Operating Expenses Net Income Drint $ Dono 9,200 78,000 87,200 14,400 $ 162,000 $ 72,800 89,200 56,400 32,800 X

Presented below is information related to Bonita Company. Price Index Date December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025 December 31, 2026 December 31, 2027 2022 2023 2024 2025 2026 2027 $ $ Ending Inventory (End-of-Year Prices) $ $78,300 115,154 114,696 Compute the ending inventory for Bonita Company for 2022 through 2027 using the dollar-value LIFO method. 128,651 152,755 182,044 Ending Inventory 78300 112805 112800 118012 131986 100 155700 103 118 127 137 142

Presented below is information related to Riverbed Corporation. Inventory on December 31, 2025, when dollar-value LIFO is adopted Inventory, December 31, 2026 Price Index 100 105 LIFO Cost $45,600 ? Retail $82,100 97.755 Compute the ending inventory under the dollar-value LIFO method at December 31, 2026. The cost-to-retail ratio for 2026 was 50% Ending inventory under the dollar-value LIFO method at December 31, 2026 $