HW _ 4 Problem 3 Solution

# HW _ 4 Problem 3 Solution - 1.10 208,000 1,000 150,000...

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Solution for Problem 3 (HW #4) Winchel Company, Dollar-Value LIFO Calculation Date Price Index Adjusted Layers 1/1/2011 150,000 1.00 150,000 150,000 150,000 150,000 150,000 12/31/2011 200,000 1.08 185,185 35,185 150,000 150,000 188,000 Year 2011 35,185 38,000 12/31/2012 245,700 1.17 210,000 24,815 150,000 150,000 217,033 Year 2011 35,185 38,000 Year 2012 24,815 29,033 12/31/2013 235,980 1.14 207,000 (3,000) 150,000 150,000 213,523 Year 2011 35,185 38,000 Year 2012 21,815 25,523 12/31/2014 228,800

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Unformatted text preview: 1.10 208,000 1,000 150,000 150,000 214,623 Year 2011 35,185 38,000 Year 2012 21,815 25,523 Year 2014 1,000 1,100 Ending Inventory at Current Year Costs Ending Inventory at Base-Year Costs Increase (Decrease) Layers in Base-Year Costs Ending Inventory at Dollar-Value LIFO Cost Problem 3, Given Data Emporer Company Date Cost Index 2011 200,000 1.08 2012 245,700 1.17 2013 235,980 1.14 2014 228,800 1.10 Inventory Value, 1/1/2011 150,000 Ending Inventory at Year-End Costs...
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## This note was uploaded on 02/22/2012 for the course ACCT 401 taught by Professor Winchel during the Spring '10 term at South Carolina.

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HW _ 4 Problem 3 Solution - 1.10 208,000 1,000 150,000...

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