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Company X has the following information: -Inventory at end-of-year prices of $1,300,000 (2018 base year), $1,450,000 (2019), and $1,350,000 (2020) -The price index is 105

Company X has the following information: -Inventory at end-of-year prices of $1,300,000 (2018 base year), $1,450,000 (2019), and $1,350,000 (2020) -The price index is 105 in 2019 and 107 in 2020 Use the dollar-value LIFO method to calculate ending inventory for 2019 and 2020.

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