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Bonita, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 Inventory at Current-Year
Bonita, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 Inventory at Current-Year Cost Price Index 2019 $21,500 100 2020 23,310 105 2021 28,536 116 Compute the value of the 2020 and 2021 inventories using the dollar-value LIFO method
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