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Presented below is information related to Meghani Company. Ending Date Inventory (End-of-Year) (FIFO) Price Index 2022 $128,000 100 2023 212,000 103 2024 218,658 110 2025

Presented below is information related to Meghani Company. Ending Date Inventory (End-of-Year) (FIFO) Price Index 2022 $128,000 100 2023 212,000 103 2024 218,658 110 2025 239,700 115 2026 190,500 127 Instructions: Compute the ending inventory for Meghani Company for 2022 through 2026 using the dollar-value LIFO method. Inventory at end-of-year prices Inventory at base-year Price Inde price Layers Index Value LIFO Value LIFO Total LIFO Reserve Year 2022 2023 2024 2025 2026 Journal entries 2023 2024 2025 2026

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