Question: Dollar - Value LIFO On January 1 , 2 0 1 5 , Sato Company adopted the dollar - value LIFO method of inventory costing.
DollarValue LIFO
On January Sato Company adopted the dollarvalue LIFO method of inventory costing. Sato's ending inventory records appear as follows:
tableYearCurrent Cost,Index$
Required:
Compute the ending inventory for the years and using the dollarvalue LIFO method. Do not round your intermediate calculations. If required, round your answers to the nearest dollar.
tableYearEnding Inventory$
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