Practice Brief Exercise 8-04
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Wildhorse Company had ending inventory at end-of-year prices of $214,000 at December 31, 2016; 240,200 at December 31, 2017; and $254,000 at December 31, 2018. The year-end price indexes
were 100 at 12/31/16, 106 at 12/31/17, and 110 at 12/31/18.
Compute the ending inventory for Wildhorse Company for 2016 through 2018 using the dollar-value LIFO method. (Round answers to 0 decimal places, e.g. 5,275.)
Ending inventory
2016
214000
2017
242612
2018
257792