Question: Question 2 Your answer is partially correct. Try again. Novak, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3

Question 2 Your answer is partially correct. Try again. Novak, Inc.

Question 2 Your answer is partially correct. Try again. Novak, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 2016 2017 2018 Inventory at Current-Year Cost Price Index $18,000 100 20,009 107 23,296 112 Compute the value of the 2017 and 2018 inventories using the dollar-value LIFO method. 2017 2018 Inventory under LIFO 18749 20996

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