Presented below is information related to Sunland Company. Ending Inventory (End-of-Year Prices) $77.500 December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025 December 31, 2026 December 31, 2027 2022 2023 2024 2025 Date 2026 2027 Compute the ending inventory for Sunland Company for 2022 through 2027 using the dollar-value LIFO method. Ending Inventory $ $ $ $ $ 120,054 $ 118,950 134,995 160,875 191,216 77500 80283.91 97500 101500 112500 Price Index 100 107 122 129200 133 143 148

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 2MC: The following items were included in Venicio Corporations inventory account on December 31, 2019:...
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Presented below is information related to Sunland Company.
Ending Inventory
(End-of-Year
Prices)
$77.500
120,054
118,950
134,995
160,875
191,216
Date
December 31, 2022
December 31, 2023
December 31, 2024
December 31, 2025
December 31, 2026
December 31, 2027
2022
2023
2024
2025
2026
Compute the ending inventory for Sunland Company for 2022 through 2027 using the dollar-value LIFO method.
2027
$
$
$
$
$
Ending Inventory
77500
80283.91
97500
101500
112500
Price
Index
129200
100
107
122
133
143
148
Transcribed Image Text:Presented below is information related to Sunland Company. Ending Inventory (End-of-Year Prices) $77.500 120,054 118,950 134,995 160,875 191,216 Date December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025 December 31, 2026 December 31, 2027 2022 2023 2024 2025 2026 Compute the ending inventory for Sunland Company for 2022 through 2027 using the dollar-value LIFO method. 2027 $ $ $ $ $ Ending Inventory 77500 80283.91 97500 101500 112500 Price Index 129200 100 107 122 133 143 148
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