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On January 1, 2024, a Company adopted the dollar value lifo method for its one inventory pool. The pool value on it this day was
On January 1, 2024, a Company adopted the dollar value lifo method for its one inventory pool. The pool value on it this day was $660,000. The 2024 and 2025 ending inventory valued at year end cost were $690,000 and $760,000 respectively. The appropriate cost indexes are 1.04 for 2024 and 1.08 for 2025. Required: complete the below table to calculate the inventory value at the end of 2024 and 2025 using the dollar value LIFO method
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
8th Edition
0131810669, 978-0131810662
