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Using the following information, compute the index at December 31, 2017, applying the double-extension method to a LIFO pool consisting of 25,880 units of product
Using the following information, compute the index at December 31, 2017, applying the double-extension method to a LIFO pool consisting of 25,880 units of product A and 10,740 units of product B. The base-year cost of product A is $9.60 and of product B is $37.00. The price at December 31, 2017, for product A is $18.90 and for product B is $45.20. (Round answer to 0 decimal places, e.g. 192.)
Index at December 31, 2017= |
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