Question: Todgren Incorporated adopted the dollar- value LIFO method last year. Last years ending inventory was $ 56,400, with a price index of 1.0. The ending

Todgren Incorporated adopted the dollar- value LIFO method last year. Last year’s was $ 56,400, with a price index of 1.0. The for the current year at year- end (FIFO) costs is $ 96,000 and the price index is 1.2. Based on this information, compute Todgren’s for the current year on a dollar- value LIFO basis.

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