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Given the following information for the Albuquerque Company: Date 12/31/16 12/31/17 12/31/18 Inventory at end- of-year prices $75,000 $90,000 S115,000 Price Index 100 110 120

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Given the following information for the Albuquerque Company: Date 12/31/16 12/31/17 12/31/18 Inventory at end- of-year prices $75,000 $90,000 S115,000 Price Index 100 110 120 Using dollar-value LIFO, the 12/31/18 inventory for the balance sheet is approximately: Select one: a. $97,273 b. $111,364 c. $108,333 d. $99,318 e. $95,833

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