ending inventory price date end of year prices index dec 31 2016 69400 100 dec 31 2017
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Question:
ending inventory | price | |||
date | end of year prices | index | ||
dec 31 2016 | 69400 | 100 | ||
dec 31 2017 | 102080 | 116 | ||
dec 31 2018 | 110208 | 128 | ||
dec 31 2019 | 123816 | 132 | ||
dec 31 2020 | 116058 | 138 | ||
Using the dollar-value LIFO method, compute the ending inentory for 2020 |
Related Book For
Intermediate Accounting
ISBN: 978-0134730370
2nd edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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