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12 Bond Company adopted the dollar-value LIFO inventory method on January 1, 2021. In applying the LIFO method, Bond uses internal cost indexes and the
12 Bond Company adopted the dollar-value LIFO inventory method on January 1, 2021. In applying the LIFO method, Bond uses internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No. 3 for the two years following the adoption of LIFO: 3.33 points Ending Inventory At Year At Base Year End Year Cost 1/1/2021 $305,500 $305,500 12/31/2021341,640 328,500 12/31/2022 433,180 358,000 Cost Index 1.00 1.04 1.21 (8 00:58:39 Under the dollar-value LIFO method, the inventory at December 31, 2022, should be Multiple Choice 0 $365,115 $358.000 o $358.920 o O None of these answer choices are correct. None of the
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