(Dollar-Value LIFO) Sisko Company has used the dollar-value LIFO method for inventory cost determination for many years....

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(Dollar-Value LIFO) Sisko Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Sisko?s records. Calculate the index used for 2010 that yielded the above results.

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Feb 17, 2011 04:41 AM

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(Dollar-Value LIFO) Sisko Company has used the dollar-value LIFO method for inventory cost determination for many years....

Question:

Ending Inventory Ending Inventory at Dollar-Value LIFO Price Date at Base Prices Index December 31, 2009 December 31, 2010 $92,000 $92,600 105 99,200

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98000 92000 6000 increase at ...View the full answer

Intermediate Accounting

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