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21 POINTS EACH 42 POINTS MAX 2. On...

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Accounting

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21 POINTS EACH 42 POINTS MAX 2. On January 1,2014 Christopher Company adopted the dollar-value LIFO method of inventory costing The Company's ending inventory records appear as follows: Year Current Cost Index $10,000 11,845 12,096 13,090 2014 2015 2016 2017 100 103 108 110 NOTE: Be sure to Compute the Layers in D.V. LIFO Ending Inventory Required: Compute the ending inventory for 2014, 2015,2016 and 2017 using the dollar value carest dollar LIFO method roundedt Ending Increase (Decrease) InventoryBase Year Inventory (Decrease) Relevant Date | At |x)Cost Index At at X Cost IndexRelevant Inventory Current Current Base-Year Base-Year Base-Year Costs Cost Index Costs Costs Current at Costs LIFO Layers in D.V. LIFO Ending Inventory Cost Index $10,000 (S 10.000 @ 100) Hs10,000 S10 000 = 12/31/14 10,000 12/31/15 11,845X 12/31/16 12,096 X 12/31/17 13,090 x

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