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Bond Company adopted the dollar-value LIFO inventory method on January 1, 2021. In applying the LIFO method, Bond uses Internal cost Indexes and the multiple-pools

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Bond Company adopted the dollar-value LIFO inventory method on January 1, 2021. 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: Ending Inventory At Year- At Base Year End Year Cost 1/1/2021 $302,500 $302,500 12/31/2021 343, 470 321,000 12/31/2022 431,880 354,000 Cost Index 1.00 1.07 1.22 Under the dollar-value LIFO method, the inventory at December 31, 2022, should be Multiple Choice Under the dollar-value LIFO method, the inventory at December 31, 2022, should be Multiple Choice $355,295 $354,000. $362,555 O None of these answer choices are correct

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