Question: Whispering, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 2024 2025 2026

Whispering, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 2024 2025 2026 Inventory at Current-Year Cost $21,500 23,532 27,664 Price Index Inventory under LIFO $ 100 106 112 Compute the value of the 2025 and 2026 inventories using the dollar-value LIFO method. 2025 23553.5 2026 27710

2025 2026 Inventory at Current-Year Cost $21,500 23,532 27,664 Price Index Inventory

under LIFO $ 100 106 112 Compute the value of the 2025

Whispering, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Compute the value of the 2025 and 2026 inventories using the dollar-value LIFO method. 2025 23532/1.06=700 =21500(7001.06)=22242=2026=22242(25001.12)=25042 27664/1.12=2500 MIC Whispering, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Compute the value of the 2025 and 2026 inventories using the dollar-value LIFO method. Your answer is correct. Whispering, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Compute the value of the 2025 and 2026 inventories using the dollar-value LIFO method

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