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Dolan Corporation adopted the dollar-value LIFO method of inventory valuation to compute its ending inventory. Information regarding inventory for subsequent years is as follows: Inventory

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Dolan Corporation adopted the dollar-value LIFO method of inventory valuation to compute its ending inventory. Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Price Index December 31, 2018 $ 220,000 100 December 31, 2019 256,800 107 December 31, 2020 290,000 125 What is the cost of the ending inventory at December 31, 2020 under dollar-value LIFO? $ 231,400 $232,000 O$ 232,840 $ 240,000 Which of the following is TRUE regarding the sale of accounts receivable on a without recourse basis and the sale of accounts receivable on a with recourse basis? The amount of "Cash" recorded for each type of sale is different. The seller guarantees payment in the event of customer default only when the sale is made on a with recourse basis. Both types of sales require a recording of recourse obligations. The amount of "Due from factor" recorded for each type of sale is different

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