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PLease show all work and explinations! Thank you ! (a4) * Your answer is incorrect. Marigold Company adopted the dollar-value LIFO method on January 1,
PLease show all work and explinations! Thank you !
(a4) * Your answer is incorrect. Marigold Company adopted the dollar-value LIFO method on January 1, 2020 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO. Inventory 1/1/20 12/31/20 12/31/21 At Base-Year Cost $195,600 228,300 266,900 At Current-Year Cost $195,600 251,130 298,928 Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2021? December 31, 2021 Price Index 1.12 Dollar-value LIFO inventory $ 256,584 eTextbook and Media Assistance Used Save for Later Attempts: 1 of 3 used SubmitStep by Step Solution
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