Solved: Compute the ending inventory for martin company for 2009, Accounting Basics

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Compute the ending inventory for martin company for 2009

Problem - Presented below is information related to Martin Company.

Date Ending Inventory (End-of-Year Prices) Price Index

December 31, 2009 $63,500 100

December 31, 2010 122,433 111

December 31, 2011 121,031 127

December 31, 2012 141,174 138

December 31, 2013 168,276 148

December 31, 2014 199,430 154

Compute the ending inventory for Martin Company for 2009 through 2014 using the dollar-value LIFO method.

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Accounting Basics: Compute the ending inventory for martin company for 2009

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