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23 Tiger Inc. adopted dollar-value LIFO on January 1, 2021, when the inventory value was $366,000 and the cost index was 1.25. On December 31,
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Tiger Inc. adopted dollar-value LIFO on January 1, 2021, when the inventory value was $366,000 and the cost index was 1.25. On December 31, 2021, the inventory was valued at year-end cost of $401,000 and the cost index was 1.30. Tiger would report a LIFO inventory of: (Round your final answer to the nearest whole dollar amount.) Multiple Choice $416,560. $380,160. $385,568. $386,360Step by Step Solution
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