Presented below is information related to Kaisson 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, 2013 |
|
|
|
|
|
|
|
|
| A |
|
10,990 |
|
$2.47 |
|
$27,145 |
|
$2.71 |
|
$29,783 |
| B |
|
7,990 |
|
3.70 |
|
29,563 |
|
4.38 |
|
34,996 |
| C |
|
5,990 |
|
6.17 |
|
36,958 |
|
6.66 |
|
39,893 |
|
|
|
|
Totals |
|
$93,666 |
|
|
|
$104,672 |
| December 31, 2014 |
|
|
|
|
|
|
|
|
| A |
|
10,990 |
|
$2.47 |
|
$27,145 |
|
$3.21 |
|
$35,278 |
| B |
|
8,790 |
|
3.70 |
|
32,523 |
|
4.62 |
|
40,610 |
| C |
|
7,990 |
|
6.17 |
|
49,298 |
|
7.89 |
|
63,041 |
|
|
|
|
Totals |
|
$108,966 |
|
|
|
$138,929 |
| December 31, 2015 |
|
|
|
|
|
|
|
|
| A |
|
9,990 |
|
$2.47 |
|
$24,675 |
|
$3.33 |
|
$33,267 |
| B |
|
9,990 |
|
3.70 |
|
36,963 |
|
4.93 |
|
49,251 |
| C |
|
7,990 |
|
6.17 |
|
49,298 |
|
7.64 |
|
61,044 |
|
|
|
|
Totals |
|
$110,936 |
|
|
|
$143,562 |
Compute the ending inventories under the dollar-value LIFO method for 2013, 2014, and 2015. The base period is January 1, 2013, and the beginning inventory cost at that date was $45,300.