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Presented below is information related to Sheridan Company.

Date

Ending Inventory
(End-of-Year Prices)

Price
Index

December 31, 2014

$ 83,800

100

December 31, 2015

176,802

158

December 31, 2016

175,320

180

December 31, 2017

197,535

195

December 31, 2018

238,140

210

December 31, 2019

286,452

218

Compute the ending inventory for Sheridan Company for 2014 through 2019 using the dollar-value LIFO method.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92798651

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