Question

An evaluation of Bryce’s Bookstore’s inventory was performed in Year 2. It produced the following results:
Sample of ending inventory at current-year costs= $75,000
Sample of ending inventory at previous-year costs = $69,000
The cost index in Year 1 was 105. Using the link-chain method, compute Bryce’s Bookstore’s cost index for Year 2.



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  • CreatedDecember 09, 2013
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