Solved: Presented below is information related to teal company, Accounting Basics

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Presented below is information related to teal company

Problem - Presented below is information related to Teal Company.

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

December 31, 2014 $ 74,000 100

December 31, 2015 134,552 121

December 31, 2016 131,100 138

December 31, 2017 148,200 150

December 31, 2018 175,329 161

December 31, 2019 210,754 167

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

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