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3. Firm C adopted the dollar-value LIFO method on January 1,2021 when its inventory laad a value of $320,000. Inventory data for 2021 through 2023

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3. Firm C adopted the dollar-value LIFO method on January 1,2021 when its inventory laad a value of $320,000. Inventory data for 2021 through 2023 are as follows: Using the data provided, calculate the following: a. Ending inventory for 2021=$320,000+(305,0001.02)=631,110 b. Ending inventory for 2022=5631,100+(140356+1.12)=782298

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