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4. Dollar-value LIFO. (14 points) Bama Co. manufactures one product, communally referred to as 'wins'. On December 31, 2017, Bama adopted the dollar-value LIFO inventory
4. Dollar-value LIFO. (14 points) Bama Co. manufactures one product, communally referred to as 'wins'. On December 31, 2017, Bama adopted the dollar-value LIFO inventory method. Inventory data are as follows: Inventory at Price index Year year-end prices (base year 2017) 2017 $900,000 1.00 2018 $840,000 1.05 2019 1,380,000 1.15 2020 1,900,000 1.25 Instructions Compute the inventory at December 31, 2018, 2019, and 2020, using the dollar-value LIFO method for each year. Show work clearly and label all figures for partial credit. 2018 2019 2020 Ending inventory $ $ Show your work below
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