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(14) Ashbrook Company adopted the dollar-value LIFO method on January 1, 2020 (using internal price indexes and multiple pools). The following data are available for
(14) Ashbrook Company adopted the dollar-value LIFO method on January 1, 2020 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO. At Base-Year At Current-Year Inventory Cost Cost 1/1/20 $200,000 $200,000 12/31/20 240,000 264,000 12/31/21 256,000 286,720 Computing an internal price index and using the dollar value LIFO method, at what amount should the inventory be reported at December 31, 2021? December 31, 2021 Price Index Dollar-value LIFO inventory $
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