Question: Exercise 8-21 The dollar-value LIFO method was adopted by Kingbird Corp. on January 1, 2017. Its inventory on that date was $367,700. On December 31,

Exercise 8-21 The dollar-value LIFO method was adopted by Kingbird Corp. on January 1, 2017. Its inventory on that date was $367,700. On December 31, 2017, the inventory at prices existing on that date amounted to $347,200. The price level at January 1, 2017, was 100, and the price level at December 31, 2017, was 112. Your answer is correct. Compute the amount of the inventory at December 31, 2017, under the dollar-value LIFO method Inventory 12/31/17 under dollar-value LIFO method 310000 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Your answer is incorrect. Try again. On December 31, 2018, the inventory at prices existing on that date was $387,550, and the price level was 115. Compute the inventory on that date under the dollar-value LIFO method. Inventory 12/31/18 under dollar-value LIFO method 368050 Click if you would like to Show Work for this questioni geen Show Work LINK TO TEXT &Datom

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