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Assuming perpetual inventories are maintained, what is the cost of the ending inventory and the cost of goods sold for this item under the LIFO
Assuming perpetual inventories are maintained, what is the cost of the ending inventory and the cost of goods sold for this item under the LIFO method? (3 points) 2 Alsace Company manufactures one product. On December 31, 2017, Alsace adopted the dollar-value LIFO inventory method. Inventory data are as follows: Inventory at Year year-end prices 2017 Price index S270,000 100 2018 378,000 105 552,000 115 2020 575.000 125 2021 675,000 135 2022 553,000 140 2019 Compute the ending inventory using the dollar value LIFO method as of: (5 points) thof ber 31 December 31, 2018 12 entre nded: December 31, 2019 med (Rel ed for The December 31, 2020 December 31, 2021 December 31, 2022
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