Midori Company had ending inventory at end-of-year prices of $100,000 at December 31, 2011; $119,900 at December
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Midori Company had ending inventory at end-of-year prices of $100,000 at December 31, 2011; $119,900 at December 31, 2012; and $134,560 at December 31, 2013. The year-end price indexes were 100 at 12/31/11, 110 at 12/31/12, and 116 at 12/31/13. Compute the ending inventory for Midori Company for 2011 through 2013 using the dollar-value LIFO method.
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answer 2011 100000 2012 109000 2013 123828 explanation The dollarvalue LIFO method uses the end...View the full answer
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