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(5 points) Grande, Inc. adopted dollar-value LIFO on December 31, 2020. On that day the operations team counted $9,770 worth of inventory (at year-end costs).
(5 points) Grande, Inc. adopted dollar-value LIFO on December 31, 2020. On that day the operations team counted $9,770 worth of inventory (at year-end costs). On December 31, 2021, they reported inventory of $11,530 (also at end of year costs) with a price index of 103. On December 31, 2022, they counted inventory of $11,770, agair based on year-end costs, with a price index of 108 . What will they report as ending inventory on the December 31, 2021 balance sheet? (A 14) \begin{tabular}{c} $11,237 \\ $11,104 \\ $10,932 \\ \hline$9,674 \end{tabular}
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