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Problem # 2 (Dollar-Value LIFO) Presented below is information related to Meghani Company. Ending Inventory (End-of-Year Prices) $180,000 220,500 218,500 242,500 283,500 310,800 Price Index

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Problem # 2 (Dollar-Value LIFO) Presented below is information related to Meghani Company. Ending Inventory (End-of-Year Prices) $180,000 220,500 218,500 242,500 283,500 310,800 Price Index 100 105 115 125 135 140 Date December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 Instructions Compute the ending inventory for Meghani Company for 2014 through 2019 using the dollar-value LIFO method

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