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On January 1 , 2 0 2 4 , a company adopted the dollar - value LIFO method. The inventory cost on this date was

On January

1, 2024,

a company adopted the dollar

-

value LIFO method. The inventory cost on this date was

100, 000 .

The ending inventory, valued at year

-

end costs, and the relative cost index for each of the next three

years is below:

What inventory balance should the company report on its

12 / 31 / 2024

balance sheet?

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