E8-25 Dollar-Value LIFO
Presented below is information related to Martin Company.
| Date | Ending Inventory (End-of-Year Prices) | Price Index |
| 31-Dec-09 | 80,000 | 100 |
| 31-Dec-10 | 111,300 | 105 |
| 31-Dec-11 | 108,000 | 120 |
| 31-Dec-12 | 122,200 | 130 |
| 31-Dec-13 | 147,000 | 140 |
| 31-Dec-14 | 176,900 | $145 |
Instructions
Compute the ending inventory for Martin Company for 2009 through 2014 using the dollar-value LIFO method.
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