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Dollar-Value LIFO Retail The following information is obtained from Burger Company's records. Burger uses the dollar-value LIFO retail method. The company adopted LIFO on January
Dollar-Value LIFO Retail The following information is obtained from Burger Company's records. Burger uses the dollar-value LIFO retail method. The company adopted LIFO on January 1, 2019, when the cost and retail values of the inventory were $40,000 and $100,000, respectively. Burger experienced the following price indexes: Compute the cost of the ending inventory for 2019 . Round the cost-to-retail ratio out to three decimal places. Round computations and final answers to the nearest dollar. BURGER COMPANY Calculation of ending inventory by Dollar-Value LIFO Retail Compute the cost of the ending inventory for 2020 . Round the cost-to-retail ratio out to three decimal places. Round computations and final answers to the nearest dollar. BURGER COMPANY Calculation of ending inventory by Dollar-Value LIFO Retail Compute the cost of the ending inventory for 2021 . Round the cost-to-retail ratio out to three decimal places. Round computations and final answers to the nearest dollar. BURGER COMPANY Calculation of ending inventory by Dollar-Value LIFO Retail
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