Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. presented below is information related to folklore

Presented below is information related to Folklore Company. Date ...

70.2K

Verified Solution

Question

Accounting

Presented below is information related to Folklore Company.

Date

Ending Inventory (End-of-Year Prices)

Price Index

31-Dec-17

$ 91,500

100

31-Dec-18

163,280

157

31-Dec-19

205,030

203

31-Dec-20

327,600

280

Compute ending inventory for Folklore Company for 2019 using the dollar-value LIFO method.

$101,000

$105,035

$106,415

$130,410

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In a random sample of 39 criminals convicted of a certain​ crime, it was determined that...

Basic Math
Q

Question 41. Where are Peyer's patched located in the body? Throughout the body. Large intestine. Small intestine. Oral cavity. QUESTION...

Medical Sciences
Q

Describe stages of psychosocial development and how they relate to a person’s spiritual development. Apply attachment theory...

Psychology
Q

A stone is dropped into a well. The splash is heard 2.2 seconds later. What is...

Physics
Q

Effective Engineering in today’s world requires intelligent use of all potential engineering tools. One of the...

Electrical Engineering
Q

The earnings of two employees are givenbelow:Rachel: 7% on all salesGunther: 4% commission on the...

Basic Math
Q

In 204, Taxpayer is single with net investment income of $18,000 and modified...

Accounting
Q

Problem 10-30A (Algo) Straight-line amortization of a bond discount LO 10-4 During Year 1 and...

Accounting
Q

The following data (in thousands of dollars) have been taken from the accounting records of...

Accounting
Q

i need help with comp xm round 2

Accounting
Q

Sibu started saving for his sons university tuition fees when his son was born on...

Accounting
Q

Question 12 (1 point) The hard drive installed in each computer. a b Variable period...

Accounting