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. B D E Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2016. Its inventory at that date was $1,100,000
. B D E Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2016. Its inventory at that date was $1,100,000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date Current Inventory at Price Current Prices Index $1,284,000 107 1,450,000 125 1,625,500 130 31-Dec-17 31-Dec-18 31-Dec-19 Instructions: What is the cost of the ending inventory at December 31, 2016, 2017, 2018 and 2019 under dollar value LIFO? SHOW ALL WORK FOR FULL CREDIT
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