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The Genworth Company adopted the dollar - value LIFO ( DVL ) method on January 1 , 2 0 2 4 when the inventory value
The Genworth Company adopted the dollarvalue LIFO DVL method on January when the inventory value of its one inventory pool was $ The company decided to use an external index, the Consumer Price Index CPI to adjust for changes in the cost level. On January the CPI was On December inventory valued at yearend cost was $ and the CPI was
Required:
Calculate the inventory value at the end of using the dollarvalue LIFO method.
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