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I understand Part 1. I am not sure about part 2. CHAPTER S DOLLAR VALUE LIFO Double Extension and Link Chain Methods I. BASIC CALCULATIONS:
I understand Part 1. I am not sure about part 2.
CHAPTER S DOLLAR VALUE LIFO Double Extension and Link Chain Methods I. BASIC CALCULATIONS: A Given the following indices, deflate the ending inventory to base year prices (2010 is the base year) Round to nearest dollar YEAR ENDING INVENTORY INDEX 2010 2011 2012 2013 2014 2015 100,000 120,000 126,000 130,000 135,000 150,000 1.00 1.07 1.09 1.15 1.25 1.30 B. For each year in part A, calculate any incremental layers created in that year C. Now reinflate any layers created in part B D. Complete the following table VALUE REPORTED VALUE 100,000 YEAR 2010 2011 2012 2013 2014 2015 NOMINAL VALUE REAL $100,000 $100,000Step by Step Solution
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