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Paragraph Styles Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1,100,000 and the

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Paragraph Styles Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1,100,000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Price Index December 31, 2020 $1,284.000 107 December 31, 2021 1,450,000 125 9. What is the cost of the ending inventory at December 31, 2020 under dollar-value LIFO? a. $1,200.000 b. $1,284,000. I c. $1,207,000. d. $1,177,000 10. What is the cost of the ending inventory at December 31, 2021 under dollar-value LIFO? a. $1,160,000 b. $1,157,000 c. $1,164,200. d. $1,200,000 Focus O RI hp

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