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18. Opera Corp. uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Index Year ended
18. Opera Corp. uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Index Year ended Inventory at Price December 31. End-of-year Prices 2019 $650,000 1.00 2020 1,260,000 1.05 2021 1,350,250 1.10 What is the 2012 inventory balance using dollar-value LIFO? om $650,000 $619,06. $1,221,270 $1,150,250. Ans: A
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Auditing A Risk Based Approach
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
12th Edition
035772187X, 978-0357721872
