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Problem 8 - 1 4 ( Static ) Dollar - value LIFO [ LO 8 - 8 ] A company uses the dollar - value
Problem Static Dollarvalue LIFO LO
A company uses the dollarvalue LIFO metlad of computing inventory Ane external price index is used to convert ending imventory to base year. The compary beqan operations on lanuary with an imentory of $ Year end imentories at yoarend costs and cost indexas for its ore inverwary pool were ars folows:
Required:
Calculerle imventory amounts at the end of each year.
Note: Round intermediste calculations nnd final answers to the nearest whole dollars
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