Presented below is information related to sheridan compute, Accounting Basics

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Presented below is information related to sheridan compute

Problem

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.

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Accounting Basics: Presented below is information related to sheridan compute

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