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Exercise 9-27 Presented below is information related to Cullumber Corporation. Price LIFO Cost Retail Index Inventory on December 31, 2020, when dollar-value LIFO is adopted

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Exercise 9-27 Presented below is information related to Cullumber Corporation. Price LIFO Cost Retail Index Inventory on December 31, 2020, when dollar-value LIFO is adopted Inventory, December 31, 2021 100 110 $35,600 ? $72,500 95,150 Compute the ending inventory under the dollar-value LIFO method at December 31, 2021. The cost-to-retail ratio for 2021 was 45%. Ending inventory under the dollar-value LIFO method at December 31, 2021 Click if you would like to Show Work for this question: Open Show Work

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