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Lesechka [4]
3 years ago
8

On January 1, 2021, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on t

his date was $300,000. Inventory data for 2021 through 2023 are as follows: Date Ending Inventory at Year-End Costs Cost Index 12/31/2021 $ 332,800 1.04 12/31/2022 368,500 1.10 12/31/2023 383,500 1.18 Required: Calculate Taylor's ending inventory for 2021, 2022, and 2023.

Business
1 answer:
tresset_1 [31]3 years ago
3 0

Answer and Explanation:

The computation of the ending inventory for the year 2021, 2022 and 2023 is shown in the attachment below

It is to be divided into two parts

1. Inventory converted to the base year in which the base year is considered by taking the cost index  

2. Inventory converted to cash in which the inventory converted to the base year, cost index is considered so that the inventory converted to cash could come plus the value of the inventory using the LIFO method also comes

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Answer: (D) Advisory committee

Explanation:

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According to the question, by using the advisory committee we present the problem of the city people to the manager of city so that they listen to our problem and suggest some effective way. The advisory committee basically providing the FDA that suggest or share some special knowledge and advice with the people.

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3 years ago
Titanic Roofing Company has estimated the following amounts for its next fiscal​ year: Total fixed costs $ 840 comma 000 Sale pr
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Answer:

Operating income increases by $40,000.

Explanation:

Given that,

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= ($30 × 2,500 units) - $35,000

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3 0
3 years ago
Suppose that the public holds 50% of the money supply in currency and the reserve requirement is 20%. Banks hold no excess reser
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Being aware of one's expectations is to keep them in check and to ensure that they are realistic. This is one of the ways to practice <u>Effective Parenting.</u>

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8 0
2 years ago
Purple Rose Corporation reported pretax book income of $500,000.
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5 0
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