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Gross corporation adopted the dollar value lifo method on inventory valuation on December 31, 2009.Its inventory at that date was $220,000 and the relevant price
Gross corporation adopted the dollar value lifo method on inventory valuation on December 31, 2009.Its inventory at that date was $220,000 and the relevant price index was 100.Information regarding inventory for subsequent years is as follows date. inventory. current price index dec 31. at current prices 2010. $256,800. 107 dec 31 2011. 290,000. 125 dec 31 2012. 325,000. 130
what is the cost of the ending inventory at December 31,2011 and 2012 under dollar value lifo
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