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LUIS C D Presented below is information related to Meghani Company. Ending Inventory m in 100 Date 3 (End-of-Year) (FIFO) Price Index 2018 $128.000 2019

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LUIS C D Presented below is information related to Meghani Company. Ending Inventory m in 100 Date 3 (End-of-Year) (FIFO) Price Index 2018 $128.000 2019 212,000 105 2020 218,658 110 2021 262,500 2022 305,500 2023 310.800 150 10 Instructions: Compute the ending inventory for Meghani Company for 2018 through 2023 using the dollar-value LIFO method 00 Invent Inventory at end-of-year Inventory at base-year Price Inde: pnce Layers Index 2018 Value LIFO Value LIFO Total LIFO Reserve 2019 2020 2021 2022 2023 39 Journal entries 40 2019 42 43 2020 44 45 46 2021 47 48 2022 49 50 51 52 2023 53

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