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MC Qu. 86 Bond Company adopted the dollar... Bond Company adopted the dollar-value LIFO Inventory method on January 1, 2018. In applying the LIFO method,
MC Qu. 86 Bond Company adopted the dollar... Bond Company adopted the dollar-value LIFO Inventory method on January 1, 2018. In applying the LIFO method, Bond uses Internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No. 3 for the two years following the adoption of LIFO Ending Inventory At Current Cost $303,000 343,440 428,340 At Base Year Cost $303,000e 324,000 354,000 Cost Index 1.00 1.06 1.21 Year 1/1/2018 12/31/2018 12/31/2019 Under the dollar-value LIFo method, the Inventory at December 31, 2019, should be Multiple Cholce $355,260 $361,560 $354,000 None of these answer choices are correct
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