Question: The Downtown Store Co. uses the Dollar Value LIFO method to value its ending inventory. The following information is available (Base year is 2008). Date

The Downtown Store Co. uses the Dollar Value LIFO method to value its ending inventory. The following information is available (Base year is 2008). Date Current Cost 12/31/08 $90,000 12/31/09 120,000 Year Index 2008 1.00 12 2009 1.20 What is the cost of ending inventory to report on the balance sheet on 12/31/08? - Feud peedi 8 a 13 foll Rec fold A $90,000 O a $120,000 COC $144,000 $108,000 (Car D paya the 1. Si 05

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