Question: 15. Web World began using dollar-value LIFO for costing its inventory last year. The base year layer consists of $600,000. Assuming the current inventory at

15. Web World began using dollar-value LIFO for costing its inventory

15. Web World began using dollar-value LIFO for costing its inventory last year. The base year layer consists of $600,000. Assuming the current inventory at end of year prices equals $828,000 and the index for the current year is 1.10, what is the ending inventory using dollar-value LIFO? a. $828,000 b. $768,000. c. $752,727. d. $910,800

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