Presented below is information related to Swifty Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2017 $ 74,000 100 December 31, 2018 134,552 121 December 31, 2019 131,100 138 December 31, 2020 148,200 150 December 31, 2021 175,329 161 December 31, 2022 210,754 167 Compute the ending inventory for Swifty Company for 2017 through 2022 using the dollar-value LIFO method.

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i. e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000