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question presented below is information related to sage corporation for the last 3 y 4277374

Question

Presented below is information related to Sage Corporation for the last 3 years.

Base-Year Cost

Current-Year Cost

Item

Quantities

in Ending

Inventories

Unit Cost

Amount

Unit Cost

Amount

Compute the ending inventories under the dollar-value LIFO method for 2016, 2017, and 2018. The base period is January 1, 2016, and the beginning inventory cost at that date was $45,310. (Round answers to 0 decimal places, e.g. 5,620.)

 

 

 

 

Base-Year Cost

 

Current-Year Cost

Item

 

Quantities

in Ending

Inventories

 

Unit Cost

 

Amount

 

Unit Cost

 

Amount

December 31, 2016

 

 

 

 

 

 

 

 

A

 

11,300

 

$2.64

 

$29,832

 

$2.90

 

$32,770

B

 

8,300

 

3.96

 

32,868

 

4.69

 

38,927

C

 

6,300

 

6.60

 

41,580

 

7.13

 

44,919

 

 

 

 

Totals

 

$104,280

 

 

 

$116,616

December 31, 2017

 

 

 

 

 

 

 

 

A

 

11,300

 

$2.64

 

$29,832

 

$3.43

 

$38,759

B

 

9,100

 

3.96

 

36,036

 

4.95

 

45,045

C

 

8,300

 

6.60

 

54,780

 

8.45

 

70,135

 

 

 

 

Totals

 

$120,648

 

 

 

$153,939

December 31, 2018

 

 

 

 

 

 

 

 

A

 

10,300

 

$2.64

 

$27,192

 

$3.56

 

$36,668

B

 

10,300

 

3.96

 

40,788

 

5.28

 

54,384

C

 

8,300

 

6.60

 

54,780

 

8.18

 

67,894

 

 

 

 

Totals

 

$122,760

 

 

 

$158,946

                     

 

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