Question: Computing Ending Inventory under Dollar-Value LIFO Will Inc. accounts for inventory using the dollar-value LIFO method. The following information is available for the years
Computing Ending Inventory under Dollar-Value LIFO Will Inc. accounts for inventory using the dollar-value LIFO method. The following information is available for the years 2020 through 2022. Ending Inventory Year at FIFO Price Index 2020 $13,000 1.00 2021 20,800 1.10 2022 26,000 1.13 What is its ending inventory under the dollar-value LIF0 method for the years 2020, 2021, and 2022? Note: Round your answers to the nearest whole dollar. Dollar-value LIFO ending inventory, 2020 $ 13,000 Dollar-value LIFO ending inventory, 2021 $ Dollar-value LIFO ending inventory, 2022 $
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