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Crane Company manufactures one product. On December 31, 2024, Crane adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value
Crane Company manufactures one product. On December 31, 2024, Crane adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $970,000. Inventory data are as follows: Inventory at Price index Year year-end prices (base year 2024) 2025 $1,260,000 1.05 2026 1,840,000 1.15 2027 1,965,000 1.25
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