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18 2.5 pts William Eyelash Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2020. Information regarding inventory is as follows: Inventory
18 2.5 pts William Eyelash Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2020. Information regarding inventory is as follows: Inventory at Current Date Current Prices Cost Index December 31, 2020 $440,000 1.00 December 31, 2021 $580,000 1.25 December 31, 2022 $513,600 1.07 What is William Eyelash's cost of the ending inventory at 12/31/2022 under dollar-value LIFO? $485,680. $487,120. $480,000. $464,000
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