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At the beginning of 2018, Quentin and Kopps (Q&K) adopted the dollar-value LIFO (DVL) inventory method. On that date the value of its one inventory
At the beginning of 2018, Quentin and Kopps (Q&K) adopted the dollar-value LIFO (DVL) inventory method. On that date the value of its one inventory pool was $92,000. The company uses an internally generated cost index to convert ending inventory to base year Required Determine the missing amounts in the inventory data for 2018 through 2021 Ending Inventory at Base-Year Costs Ending Inventory at DVL cost Ending Inventory at Year-End costs Year Ended December 31 2018 2019 2020 2021 Cost Index 1.07 1.16 102,000 109,140 S 148,480 61,040S 134,200 1.25$ 144,425
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