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P Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past two years is as follows: Year ended Inventory at Price

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P Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past two years is as follows: Year ended Inventory at Price December 31. End-of-year Prices Index 2019 $ 65,000 1.00 2020 126,000 1.05 What is the 2020 inventory balance using dollar-value LIFO? A. $126,000. B. $128,500. C. $122,750. 0 $125,750

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