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Question 5 of 6 - / 5 III View Policies Current Attempt in Progress Swifty Corporation adopted the dollar-value LIFO retail inventory method on January
Question 5 of 6 - / 5 III View Policies Current Attempt in Progress Swifty Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2019. At that time the inventory had a cost of $59,000 and a retail price of $100,000. The following information is available. Year-End Inventory at Retail $125,080 135,300 127,600 Year End Price Index 106 2019 2020 Current Year Cost-Retail % 60% 56% 57% 54% 110 2021 116 2022 167,400 124 The price index at January 1, 2019, is 100. Compute the ending inventory at December 31 of the years 2019-2022. (Round ratios for computational purposes to O decimal places, eg. 78% and final answers to O decimal places, e.g. 28,987.) 2019 2020 2021 2022 Ending inventory $ $ $ $
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