Blossom Corporation adopted the dollar - value LIFO method of inventory valuation on December 3 1 ,
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Question:
Blossom Corporation adopted the dollarvalue LIFO method of inventory valuation on December Its inventory at that date was $ and the relevant price index was Information regarding inventory for subsequent years is as follows:
Date
Inventory at
Current Prices
Current
Price Index
December
$
December
December
What is the cost of the ending inventory at December under dollarvalue LIFO? Round intermediate calculations and final answer to decimal places, eg
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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