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On January 1 , 2 0 2 4 , a company adopted the dollar - value LIFO inventory method. The inventory value for its one
On January a company adopted the dollarvalue LIFO inventory method. The inventory value for its one inventory pool on this date ws $ An internally generated cost index is used to convert ending inventory to base year. Yearend inventories at yearend costs and cost indexes for its one inventory pool were as follows: tabletableYear EndedDecember tableInventoryYearEnd CoststableCost Index Relativeto Base Year$ Required: Calculate inventory amounts at the end of each year. Note: Round intermediate calculations and final answers to the nearest whole dollars. tableDatetableInventory Layers Converted toBase Year CostInventory Layers Converled to Cost,tableInventory DVLCosttableInventory atYearEnd CosttableInventoryLayers at BaseYear CosttableInventoryLayers at BaseYear CosttableInventoryLayersConverted toCost$table$Base,$$$table$Base,$$$$$Base,,,D$$table$Base,,,,$$Base,
On January a company adopted the dollarvalue LIFO inventory method. The inventory value for its one inventory pool on this date ws $ An internally generated cost index is used to convert ending inventory to base year. Yearend inventories at yearend costs and cost indexes for its one inventory pool were as follows:
tabletableYear EndedDecember tableInventoryYearEnd CoststableCost Index Relativeto Base Year$
Required:
Calculate inventory amounts at the end of each year.
Note: Round intermediate calculations and final answers to the nearest whole dollars.
tableDatetableInventory Layers Converted toBase Year CostInventory Layers Converled to Cost,tableInventory DVLCosttableInventory atYearEnd CosttableInventoryLayers at BaseYear CosttableInventoryLayers at BaseYear CosttableInventoryLayersConverted toCost$table$Base,$$$table$Base,$$$$$Base,,,D$$table$Base,,,,$$Base,
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