Presented below is information related to Blossom Corporation for the last 3 years. ...
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Accounting
Presented below is information related to Blossom Corporation for the last 3 years.
Base-Year Cost
Current-Year Cost
Item
Quantities in Ending Inventories
Unit Cost
Amount
Unit Cost
Amount
December 31, 2019
A
11,300
$2.00
$22,600
$2.20
$24,860
B
6,400
3.00
19,200
3.55
22,720
C
4,400
5.00
22,000
5.40
23,760
Totals
$63,800
$71,340
December 31, 2020
A
11,300
$2.00
$22,600
$2.60
$29,380
B
9,100
3.00
27,300
3.75
34,125
C
6,400
5.00
32,000
6.40
40,960
Totals
$81,900
$104,465
December 31, 2021
A
10,300
$2.00
$20,600
$2.70
$27,810
B
10,300
3.00
30,900
4.00
41,200
C
6,400
5.00
32,000
6.20
39,680
Totals
$83,500
$108,690
Compute the ending inventories under the dollar-value LIFO method for 2019, 2020, and 2021. The base period is January 1, 2019, and the beginning inventory cost at that date was $45,300. (Round answers to 0 decimal places, e.g. 5,620.)
2019
2020
2021
Ending Inventories
$
$
$
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