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Question 4 Bridgeport Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2016. At that time the inventory had a cost of $57,000
Question 4 Bridgeport Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2016. At that time the inventory had a cost of $57,000 and a retail price of $100,000. The following information is available. Year-End Inventory at Retail Year End Price Index Current Year 2016 2017 2018 2019 $133,560 146,520 124,120 168,750 Cost-Retail % 56% 59% 60% 57% 106 116 125 The price index at January 1, 2016, is 100. Compute the ending inventory at December 31 of the years 2016-2019. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answers to 0 decimal place e.g. 28,987. 2016 2017 2018 2019 Ending inventory s Click if you would like to Show Work for this question: Open Show Work
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