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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. The company
A company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year. The company began operations on January 1,2024 , with an inventory of $129,000. Year-end inventories at year-end costs and cost Indexes for its one inventory pool were as follows: Required: Calculate inventory amounts at the end of each year. Note: Round Intermedlate calculations and final answers to the nearest whole dollars
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