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Buckeye Corporation adopted dollar-value LIFO on January 1, 2021, when the inventory value was $515,000 and the cost index was 1.0. On December 31, 2021,
Buckeye Corporation adopted dollar-value LIFO on January 1, 2021, when the inventory value was $515,000 and the cost index was 1.0. On December 31, 2021, the inventory value at year-end costs was $550,000 and the cost index was 1.06. Buckeye would report a LIFO inventory of: Multiple Choice o $545,900. o $519,100. o $548,919. o $518,868
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