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Current Attempt in Progress Sheffield Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from
Current Attempt in Progress Sheffield Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Sheffield's records. Date December 31, 2025 December 31, 2026 Price Index Index used for 2026 105 ? Ending Inventory at Base Prices $92,580 97,580 Ending Inventory at Dollar-Value LIFO Calculate the index used for 2026 that yielded the above results. $97,900 103,550
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