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Marigold Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended December 31
Marigold Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Year ended December 31 Inventory at End-of-year Prices Price Index 2019 $ 654000 1.00 2020 1261000 1.05 2021 1351250 1.10 What is the 2021 inventory balance using dollar-value LIFO? (Round intermediate calculations and final answer to O decimal places, e.g. 10,000.) $1286000. $1258502. $1228409. $1351250.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
