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Blossom Company had a January 1 inventory of $290000 when it adopted dollar-value LIFO. During the year, purchases were $1890000 and sales were $2930000. December
Blossom Company had a January 1 inventory of $290000 when it adopted dollar-value LIFO. During the year, purchases were $1890000 and sales were $2930000. December 31 inventory at year-end prices was $433920, and the price index was 113 . What would be reported for Blossom Company's ending inventory? $433920$384000$396220$290000 Step by Step Solution
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Auditing And Assurance Services
Authors: David Ricchiute
7th Edition
0324117760, 978-0324117769
