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Aber Company manufactures one products. On December 31, 20 Aber adopted the dollar-value LIFO inventory method. The inventory on that date Using the dollar- value
Aber Company manufactures one products. On December 31, 20 Aber adopted the dollar-value LIFO inventory method. The inventory on that date Using the dollar- value LIFO inventory method was $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 1.25 575,000 a) Compute the inventory at December 31, 2012, 2013, & 2014, using the dollar-value LIFO method for each year
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