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Problem #1 Presented below is information related to the Chelsea Cavetelli Corp.: Year 2017 2018 2019 2020 2021 End Inv @ CY prices 720,000 754,800

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Problem #1 Presented below is information related to the Chelsea Cavetelli Corp.: Year 2017 2018 2019 2020 2021 End Inv @ CY prices 720,000 754,800 754,000 787,500 786,450 Current yr price index 100 102 104 105 107 Year 2017 2018 2019 2020 2021 Required: Compute the ending inventory for Chelsea Cavetelli Corp. for the years 2017 thru 2021 using dollar-value LIFO

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