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A) What is the cost of the ending inventory at December 31, 2020 under dollar-value LIFO? Swifty Corporation adopted the dollar-value LIFO method of inventory

image text in transcribedA) What is the cost of the ending inventory at December 31, 2020 under dollar-value LIFO?

Swifty Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1190000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date December 31, 2020 December 31, 2021 December 31, 2022 Inventory at Current Current Prices Price Index $1271000 108 1485000 1626000 131 126

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