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On January 1 of Year 5, Bay Inc. adopted dollar-value LIFO, and its inventory priced at current costs was $24,000 at that time. The following
On January 1 of Year 5, Bay Inc. adopted dollar-value LIFO, and its inventory priced at current costs was $24,000 at that time. The following information is available on its inventories for Year 5 through Year 7. *Computed as: Current (year-end) price index Base-year price index Required Compute the ending inventory on a dollar-value LIFO basis for Year 5, Year 6, and Year 7. - Note: Round your final answers to the nearest whole dollar
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