Berry Co. started business in 2017. Its ending inventory at actual prices was ($ 150,000) at base-period
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Berry Co. started business in 2017. Its ending inventory at actual prices was \(\$ 150,000\) at base-period prices. It uses the simplified dollarvalue LIFO inventory method and the price index was \(130 \%\) in 2017 . Its ending inventory at actual prices in 2018 is \(\$ 180,000\) and the price index is \(140 \%\). What is Berry Co.'s 2018 ending inventory?
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Related Book For 
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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