Question: The dollar - value LIFO method was adopted by Oriole Corp. on January 1 , 2 0 2 5 . Its inventory on that date
The dollarvalue LIFO method was adopted by Oriole Corp. on January Its inventory on that date was $ On
December the inventory at prices existing on that date amounted to $ The price level at January
was and the price level at December was
a
Compute the amount of the inventory at December under the dollarvalue LIFO method.
Inventory under dollarvalue LIFO method
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b
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