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On January 1, the Pertot Company had an inventory of $180,000 when the company decided to adopt the dollar-value LIFO method. This year saw sales
On January 1, the Pertot Company had an inventory of $180,000 when the company decided to adopt the dollar-value LIFO method. This year saw sales amounting to $1,800,000 and purchases totaling $1,080,000. At the end of the year, the inventory for December 31 was $227,700, and the price index was 110. The ending inventory for the company is
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Managerial Statistics
Authors: S. Christian Albright, Wayne L. Winston, Christopher Zappe
1st Edition
9780534389314
