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Ending Date inventory Index 12/31 year 1 10000 1.00 12/31 year 2 12100 1.10 12/31 year 3 14700 1.40 What is ending inventory for year
| Ending | ||||||
| Date | inventory | Index | ||||
| 12/31 year 1 | 10000 | 1.00 | ||||
| 12/31 year 2 | 12100 | 1.10 | ||||
| 12/31 year 3 | 14700 | 1.40 | ||||
| What is ending inventory for year 3 under LIFO? | ||||||
| What is LIFO reserve at end of year 3? | ||||||
| What will be added to COGS in year 3? | ||||||
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Auditing Principles And Practice
Authors: Kumar And Sharma
3rd Edition
8120350987, 9788120350984
