Presented below is information related to Blossom Corporation for the last 3 years. ...
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Accounting
Presented below is information related to Blossom 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, 2019 | ||||||||||
| A | 11,300 | $2.00 | $22,600 | $2.20 | $24,860 | |||||
| B | 6,400 | 3.00 | 19,200 | 3.55 | 22,720 | |||||
| C | 4,400 | 5.00 | 22,000 | 5.40 | 23,760 | |||||
| Totals | $63,800 | $71,340 | ||||||||
| December 31, 2020 | ||||||||||
| A | 11,300 | $2.00 | $22,600 | $2.60 | $29,380 | |||||
| B | 9,100 | 3.00 | 27,300 | 3.75 | 34,125 | |||||
| C | 6,400 | 5.00 | 32,000 | 6.40 | 40,960 | |||||
| Totals | $81,900 | $104,465 | ||||||||
| December 31, 2021 | ||||||||||
| A | 10,300 | $2.00 | $20,600 | $2.70 | $27,810 | |||||
| B | 10,300 | 3.00 | 30,900 | 4.00 | 41,200 | |||||
| C | 6,400 | 5.00 | 32,000 | 6.20 | 39,680 | |||||
| Totals | $83,500 | $108,690 | ||||||||
Compute the ending inventories under the dollar-value LIFO method for 2019, 2020, and 2021. The base period is January 1, 2019, and the beginning inventory cost at that date was $45,300. (Round answers to 0 decimal places, e.g. 5,620.)
| 2019 | 2020 | 2021 | ||||
| Ending Inventories | $
| $
| $
|
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