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allochka39001 [22]
3 years ago
8

The following information relates to the Matthew Young Company.

Business
1 answer:
zvonat [6]3 years ago
5 0

Answer:

year 2016   $  68,400

year 2017   $   99,488

year 2018   $   97,076

year 2019   $ 109,704

year 2020  $  95,602

Explanation:

2016: year-base the nominal is the same as the ending

2017:

122,744 x 100/134 = 91,600

second layer:

91,600 - 68,400 = 23,200

ending inventory

base layer              68,400

23,200 x 134/100 = 31,088

total                       99,488

2018:

132,904 /1.48 = 89,800

89,800 - 68,400 = 21.400

21,400 x 1.34 = 28,676

68,400 + 28,676 = 97,076

2019:

150,920 / 1.54 = 98,000

98,000 - 68,400 = 29,600

29,600 - 21,400 = 8,200

<u>Layers</u>

68,400 x 100/100 =  68,400

21,400 x 134/100 =  28,676

 8,200 x 154/100 =<u>  12,628</u>

Ending Inv              109,704

2020:

141,920 / 1.60 = 88,700

88,700 - 68,400 = 20,300

<u>Layers:</u>

68,400 x 100/100 = 68,400

20,300 x 134/100 = <u> 27,202 </u>

Ending Inventory      95,602

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