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Teal Corporation adopted the dollar-value XFO retail inventory method on January 1, 2019. At that time the inventory had a cost of $59,000 and a
Teal Corporation adopted the dollar-value XFO 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. The price index at January 1, 2019, is 100. Compute the ending inventory at December 31 of the years 2019-2022. (Round rotios for computational purposes to 0 decimal pleces, eg. 78% and final answers to 0 decimal places, es. 28,987.)
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