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I need help learning how to put this into an excel worksheet. A company uses the dollar - value LIFO method of computing inventory. An
I need help learning how to put this into an excel worksheet. A company uses the dollarvalue LIFO method of computing inventory. An external price index is used to convert ending inventory to base year. The company began operations on January with an inventory of $ Yearend inventories at yearend costs and cost indexes for its one inventory pool were as follows:
Year Ended December
Ending Inventory at YearEnd Costs
Cost Index Relative to Base Year
$
Required:
Calculate inventory amounts at the end of each year.
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