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On January 1, 2021, Wilson Company adopted the Dollar- Value Lifo method at a time when it's beginning inventory was $200,000 which carried a
On January 1, 2021, Wilson Company adopted the Dollar- Value Lifo method at a time when it's beginning inventory was $200,000 which carried a base-year cost index of 1.00. Year-end inventory data and cost indexes for the following 4 years are as follows: Ending Inventory at Year-End Cost Cost Index Year End 12/31/2021 $237,600 1.08 Year End 12/31/2022 $275,000 1.10 Year End 12/31/2023 $264,500 1.15 Year End 12/31/2024 $300,000 1.20 Calculate ending inventory at the end of each year using the Dollar Value Lifo method. Upload
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