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A Company manufactures one product On December 31, 2019, A adopted the dollar-value LIFO inventory method. The inventory on that dato using the dollar value
A Company manufactures one product On December 31, 2019, A adopted the dollar-value LIFO inventory method. The inventory on that dato using the dollar value LIFO inventory method was $900,000. Inventory data are as follows: Inventory at Price index Your year-end price (base year 2019) 2020 $1,260,000 1.05 2021 1.840,000 1.15 2022 1,900,000 1.25 Instructions Compute the inventory at December 31, 2020, 2021, and 2022, using the dollar-value LIFO method for each year
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