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Dollar-Value LIFO Retail Intella, Inc., adopted the dollar-value retail LIFO method on January 1, 2012. The following data apply to the 4 subsequent years: In
Dollar-Value LIFO Retail
Intella, Inc., adopted the dollar-value retail LIFO method on January 1, 2012. The following data apply to the 4 subsequent years:
In addition the following price indexes are available:
Required:
Compute the inventory at the end of each of the 4 years. Round the cost-to-retail ratio to 3 decimal places and the final answers to the nearest dollar.
Ending inventory | $ | $ | $ | $ |
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