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Business, 15.10.2019 21:30 reearamrup27

Bramble company cans a variety of vegetable-type soups. recently, the company decided to value its inventories using dollar-value lifo pools. the clerk who accounts for inventories does not understand how to value the inventory pools using this new method, so, as a private consultant, you have been asked to teach him how this new method works. he has provided you with the following information about purchases made over a 6-year period. date ending inventory (end-of-year prices) price index dec. 31, 2016 $85,300 100 dec. 31, 2017 131,520 120 dec. 31, 2018 128,095 137 dec. 31, 2019 152,440 148 dec. 31, 2020 173,600 160 dec. 31, 2021 201,795 165 you have already explained to him how this inventory method is maintained, but he would feel better about it if you were to leave him detailed instructions explaining how these calculations are done and why he needs to put all inventories at a base-year value. compute the ending inventory for bramble company for 2016 through 2021 using dollar-value lifo.

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