Question: P 8 - 1 5 Dollar - value LIFO LO 8 - 8 On January 1 , 2 0 2 4 , a company adopted
P Dollarvalue LIFO LO
On January a company adopted the dollarvalue LIFO inventory method. The inventory value for its one inventory pool on this date was $ An internally generated cost index is used to convert ending inventory to base year. Yearend inventories at yearend costs and cost indexes for its one inventory pool were as follows:
tableYear Ended December Inventory YearEnd Costs,tableCost IndexRelative to Base Year$
Required:
Calculate inventory amounts at the end of each year.
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