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Presented below is information related to Folklore Company. Date ...

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Question

Accounting

Presented below is information related to Folklore Company.

Date

Ending Inventory (End-of-Year Prices)

Price Index

31-Dec-17

$ 91,500

100

31-Dec-18

163,280

157

31-Dec-19

205,030

203

31-Dec-20

327,600

280

Compute ending inventory for Folklore Company for 2019 using the dollar-value LIFO method.

$101,000

$105,035

$106,415

$130,410

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