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A company adopted dollar-value LIFO on January 1,2024 , when the inventory value was $361,000 and the cost index was 1.35 . On December 31,2024
A company adopted dollar-value LIFO on January 1,2024 , when the inventory value was $361,000 and the cost index was 1.35 . On December 31,2024 , the inventory was valued at year-end cost of $396,000 and the cost index was 1.40 . The company would report a LIFO inventory of: Note: Round your final answer to the nearest whole dollar amount. Multiple Choice $412,830. $382,630. $381,838. $376,430 Step by Step Solution
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