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Could someone please answer this for me? Perferabbly typed! Thank you. On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory

Could someone please answer this for me? Perferabbly typed! Thank you. image text in transcribed
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On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one Inventory pool on this date was $270,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 2021 2022 2023 Inventory Year-End Costs $354,640 365, 040 413, 110 441,840 Cost Index (Relative to Base Year) 1.04 1.08 1.09 1.12 2024 Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Date Inventory at Year-End Cost Year-End Cost Index Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Year-End Year End Cost Index - Inventory Layers Converted to Cost 01/01/2021 12/31/2021 Base Base 2021 12/31/2022 Base 2021 2022 12/31/2023 Base 2021 2022 2023 12/31/2024 Base $ 432,861

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