Suppose that the Consumer Price Index [CPI] at 1 January 2020was 100 and CPI on 31 December

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Suppose that the Consumer Price Index [CPI] at 1 January 2020was 100 and CPI on 31 December 2020 is 103. The historical cost ofending inventory is 20000. The ending inventory at the fair marketvalue is ----

a.
23000

b.
20000

c.
20600

d.
21000

Related Book For answer-question

Statistics Principles and Methods

ISBN: 978-0470904114

7th edition

Authors: Richard A. Johnson, Gouri K. Bhattacharyya

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Posted Date: Feb 21, 2022 12:05 AM

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Suppose that the Consumer Price Index [CPI] at 1 January 2020was 100 and CPI on 31 December

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Ana Corret answer is c Explanation Histourical cost ... View the full answer

Statistics Principles and Methods

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