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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 Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
