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Cypress Corp. uses dollar-value LIFO. Certain information follows: Year Ending Inventory- Current Cost Index 2004 $5,000 100 2005 5,610 101 2006 5,304 102 2007 6,042
Cypress Corp. uses dollar-value LIFO. Certain information follows:
Year Ending Inventory- Current Cost Index
2004 $5,000 100
2005 5,610 101
2006 5,304 102
2007 6,042 103
Compute the ending 2007 inventory. a. $5,742 b. $5,888 c. $5,866 d. $5,881
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