Midori Company had ending inventory at end-of-year prices of $100,000 at December 31, 2024; $119,900 at December

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Midori Company had ending inventory at end-of-year prices of $100,000 at December 31, 2024; $119,900 at December 31, 2025; and $134,560 at December 31, 2026. The year-end price indexes were 100 at 12/31/24, 110 at 12/31/25, and 116 at 12/31/26. Compute the ending inventory for Midori Company for 2024 through 2026 using the dollar-value LIFO method.

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Intermediate Accounting

ISBN: 9781119790976

18th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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