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A company adopted the dollar - value LIFO inventory method on January 1 , 2 0 2 4 . In applying the LIFO method, the
A company adopted the dollarvalue LIFO inventory method on January In applying the LIFO method, the company uses internal cost indexes and the multiplepools approach.
The following data were available for Inventory Pool No for the two years following the adoption of LIFO:
Under the dollarvalue LIFO method, the inventory on December should be:
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