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QUESTION 5 12 points Save Answer On January 1, 2018, Radger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $100,000.
QUESTION 5 12 points Save Answer On January 1, 2018, Radger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $100,000. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below: Ending inventory at Year-end year-end costs Cost Index 2019 $ 126,000 1.05 2020 130.000 1.10 2021 153,600 1.20 What inventory balance should Badger report on its 12/31/2019 balance sheet? TT T Arial 3 (12pt) TE25 gi Path:p Words:0 QUESTION 6 10 points Save Answer Williams company uses the periodic inventory system. For the current month, the beginning inventory consisted of 2,400 units that cost $6 each. During the month the company made to purchases: 1.000 units at $7 each and 4,000 units at $8 each. Checkers also sold 4.300 units during the month. Using the FIFO method, what is the ending Inventory? TT T Arial 3 (12pt) TE.. Qi Click Save and submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and submit
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