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A company uses the dollar - value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year.
A company uses the dollarvalue LIFO method of computing inventory. An external
price index is used to convert ending inventory to base year. The company began
operations on January with an inventory of $ Yearend inventories
at yearend costs and cost indexes for its one inventory pool were as follows:
Required:
Calculate inventory amounts at the end of each year.
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