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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 $81,000. 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 Year-End costs Ending Inventory at Base-Year Costs Ending Inventory at DVL cost Year Ended December 31 2018 2019 2020 2021 95,550 $ 134,520 146,640 S Cost Index 1.05 1.14 91,000 122,200 1.25 S 130,820
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