Question: Problem 8 - 1 5 ( Algo ) Dollar - value LIFO [ LO 8 - 8 ] On January 1 , 2 0 2
Problem Algo 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:
tabletableYear EndedDecember tableInventory YearEnd CoststableCostex Relative toBase Year$
Required:
Calculate inventory amounts at the end of each year.
Note: Round intermediate calculations and final answers to the nearest whole dollars.
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