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Aber Company manufactures one product. On December 31, 2011, Aber adopted the dollar value LIFO inventory method. The inventory on that date $270,000. Inventory data
Aber Company manufactures one product. On December 31, 2011, Aber adopted the dollar value LIFO inventory method. The inventory on that date $270,000. Inventory data are as follows: Inventory at Price index Year year-end prices (base year 2011) 2012 $378,000 1.05 2013 552,000 1.15 2014 575,000 1.25 (a) Compute the inventory at December 31, 2012, 2013, and 2014, using the dollar value LIFO method for each year
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