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Santorini Company has only one inventory pool. On December 3 1 , 2 0 2 1 , Santorini adopted the dollar - value LIFO inventory
Santorini Company has only one inventory pool. On December Santorini adopted the dollarvalue LIFO inventory method. The inventory on that date using the dollarvalue LIFO method was $ Compute the inventory at December and using the dollarvalue LIFO method. Inventory data are as follows:
tabletableEnding Inventoryat YearEnd CoststableEnding Inventoryat Base YearCoststableYearEnd CostIndexDecember $$December December December
tableDate,,tablenventory Layerst Base Year CosttableInventory LayersConverted toCosttableYearendInventoryDollarValue LFODecemberBase,,$$$
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