Calculate the Decrease at Retail Prices of the Most Recently Added Layer Ending Inventory at Retail $20,000
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Question:
Calculate the Decrease at Retail Prices of the Most Recently Added Layer
Ending Inventory at Retail | $20,000 |
Base Year Retail Price Index | 100 |
Current-Year Price Index | 110 |
Price Index of Most Recently added layer | 105 |
Increase at Base year (assumption) | $10,000 |
Decrease at Base year retail prices | $5000 |
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