E8-19 and E-26

E8-19 and E-26 - 80,000 (10,000) Ending...

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Sladjana Vasic E8-17 (a) 1. 400 @ $30 = $12,000 110 @ $25 = 2,750 $14,750 2. 400 @ $20 = $ 8,000 110 @ $25 = 2,750 $10,750 (b) 1. FIFO $14,750 2. LIFO 100 @ $20 = $ 2,000 10 @ $25 = 250 400 @ $30 = 12,000 $14,250 E8-26 Date Current Price Index Base-Year $ Change from Prior Year Dec 31, 2007 $70,000 1.00 $70,000 - Dec 31, 2008 88,200 1.05 84,000 +14,000 Dec 31, 2009 95,120 1.16 82,000 (2,000) Dec 31, 2010 108,000 1.20 90,000 +8,000 Dec 31, 2011 100,000 1.25
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Unformatted text preview: 80,000 (10,000) Ending InventoryDollar-value LIFO: Dec. 31, 2007 $70,000 Dec. 31, 2008 $70,000 @ 1.00 = $70,000 14,000 @ 1.05 = 14,700 $84,700 Dec. 31, 2009 $70,000 @ 1.00 = $70,000 12,000 @ 1.05 = 12,600 $82,600 Dec. 31, 2010 $70,000 @ 1.00 = $70,000 12,000 @ 1.05 = 12,600 8,000 @ 1.20 = 9,600 $92,200 Dec. 31, 2011 $70,000 @ 1.00 = $70,000 10,000 @ 1.05 = 10,500 $80,500...
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E8-19 and E-26 - 80,000 (10,000) Ending...

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