Question: Crane Corp. uses dollar - value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended December
Crane Corp. uses dollarvalue LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended December : Inventory at Endofyear Prices: $ Price Index: ; Year ended December : Inventory at Endofyear Prices: $ Price Index: ; Year ended December : Inventory at Endofyear Prices: $ Price Index: What is the inventory balance using dollarvalue LIFO? Round intermediate calculations and final answer to decimal places, eg
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