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Novak, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 Inventory at Current-Year
Novak, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow.
| Year Ended December 31 | Inventory at Current-Year Cost | Price Index |
| 2016 | $17,900 | 100 |
| 2017 | 20,196 | 108 |
| 2018 | 23,504 | 113 |
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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
