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Bond Company adopted the dollar-value LIFO inventory method on January 1, 2013. In applying the LIFO method, Bond uses internal cost indexes and the multiple-pools
Bond Company adopted the dollar-value LIFO inventory method on January 1, 2013. In applying the LIFO method, Bond uses internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No.3 for the two years following the adoption of LIFO:Under the dollar-value LIFO method the inventory at December 31, 2014. should be $366,730. $358,000. $359170. None of these is correct
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