Grades for Juan Alberto: $18 xWileypLUS Secure https (1) Future Value of an Annu

Question

Grades for Juan Alberto: $18 xWileypLUS Secure https (1) Future Value of an Annuity Ca ×( G how to post a qu C ileyPLUS Kieso, Intermediate Acunting, 16 ne Recd, Study&Practice; Gradebook ORION Downloadable aTextbook ignment > Open Assignment SIGNMENT RESOURCES Exercise 8-23 Exersise 5-15 The following information relates to the Windsor Company Ending Inventory (End-of-Year Price Date Prices) Index December 31, 2013 s 63,500 100 Exri 2-5.(Pat LoeDecember 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 05,434119 13,446131 28,792 136 118,158 4 roblem 162 trir! seuns bat? 1 : Use the doilar-value LIFO method to compute the ending inventory for Windsor Company for 2013 through 2017 Ending Inventory 2013 2015 2016 2017 Click if you would fike to Show Work for this qvestion: Wack MacBook Ai 2 4

Explanation / Answer

Year Ending Inventory Index Inventory at base year price Change in Inventory 2013 63500 100 63500 2014 105434 119 88600 (105434/119*100) 25100 2015 113446 131 86600 (113446/131*100) -2000 2016 128792 136 94700 (128792/136*100) 8100 2017 118158 141 83800 (118158/141*100) -10900 Ending Inventory under Dollar value: Inventory value Year 2013 Inventoy value: $63,500 Year 2014 Inventory Value @1 63500 63500 Inventory valaue @1.19 25100 29869 Total Inventory in 2014 93369 Year 2015 Inventory value @1 63500 63500 Inventory value @1.19 23100 27489 Total Inventory in 2015 90989 Yyear 2016 Inventory value @1 63500 63500 Inventory value @1.19 23100 27489 Inventry value @1.36 8100 11016 Total Inventory in 2016 102005 Year 2017 Inventory value at 1 63500 63500 Inventory value @1.19 20300 24157 Total Inventory in 2017 87657

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