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Pane 5 of 10 [Problem 2] Aber Company manufactures one product. On December 31, 2018, Aber adopted the dollar-value LIFO inventory method. Inventory data are
Pane 5 of 10 [Problem 2] Aber Company manufactures one product. On December 31, 2018, Aber adopted the dollar-value LIFO inventory method. Inventory data are as follows: Year 2018 2019 2020 2021 Inventory at year-end prices $300,000 550,000 690,000 660,000 Price index (base year 2018) 1.00 1.10 1.15 1.20 Instructions Compute the inventory at December 31, 2019, 2020, and 2021, using the dollar-value LIFO method for each year. Use the following template. Year Ending inventory at base-year price Layers at base-year price Price index Ending inventory Dollar-value LIFO 2019 2020 2021 I E Focus ES United States)
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