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Given the following information for the Albuquerque Company: Inventory at end- Date of-year prices Price Index 12/31/16 12/31/17 12/31/18 $ 80,000 100 $120,000 120
Given the following information for the Albuquerque Company: Inventory at end- Date of-year prices Price Index 12/31/16 12/31/17 12/31/18 $ 80,000 100 $120,000 120 $130,000 125 Using dollar-value LIFO, the 12/31/18 inventory for the balance sheet is approximately Select one: O a. $112,500 O b. $90,909 O c. $109,000 O d. $104,000 O e. $110,000
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Intermediate Accounting
Authors: Kin Lo, George Fisher
Volume 1, 1st Edition
132612119, 978-0132612111
