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please help me Question 18 of 42 0.75 / 1 E X Your answer is incorrect. Cullumber Company has used the dollar-value LIFO method since
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Question 18 of 42 0.75 / 1 E X Your answer is incorrect. Cullumber Company has used the dollar-value LIFO method since January 1, 2017. Cullumber uses internal price indexes and multiple pools. At the end of calendar year 2018, the following data are available for Cullumber's inventory pool A. At Current-Year Cost Inventory At Base-Year Cost January 1, 2017 $ 1,000,000 $ 1,000,000 December 31, 2017 1,230,000 1,353,000 December 31, 2018 1,280,000 1,497,600 Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory in Pool A be reported at December 31, 2018? December 31, 2018 Price Index 1.17 Dollar-value LIFO inventory 58500Step by Step Solution
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