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Presented below is information related to Meghani Company. Ending Date Inventory (End-of-Year) (FIFO) Price Index 2020 $128,000 LOO 2021 212,000 105 2022 218,658 110 2023

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Presented below is information related to Meghani Company. Ending Date Inventory (End-of-Year) (FIFO) Price Index 2020 $128,000 LOO 2021 212,000 105 2022 218,658 110 2023 282,500 115 2024 300,500 125 Instructions: Compute the ending inventory for Meghani Company for 2020 through 2024 using the dollar-v Inventory at end-of-year Inventory at Year prices Price Indexbase-year price Layers Index Value LIFO 2020 2021 2022 2023 2024 Journal entries 2021 2022 2023

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