Question: Exercise 8 - 2 7 ( Algo ) Dollar - value LIFO [ LO 8 - 8 ] Mercury Company has only one inventory pool.
Exercise Algo Dollarvalue LIFO LO
Mercury Company has only one inventory pool. On December Mercury adopted the dollarvalue LIFO inventory method. The
inventory on that date using the dollarvalue LIFO method was $ Inventory data are as follows:
Required:
Compute the inventory at December and using the dollarvalue LIFO method.
Note: Round "Year end cost index" to decimal places.
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