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What is the cost of the ending inventory at December 31, 2019 under dollar-value LIFO? Swifty Corporation adopted the dollar- value LIFO method of inventory
What is the cost of the ending inventory at December 31, 2019 under dollar-value LIFO?
Swifty Corporation adopted the dollar- value LIFO method of inventory valuation on December 31 , 2015 . It's inventory at that date was $ 1 1040 00 and the relevant price index was 1010 .Information regarding inventory for Subsequent years is as follows :"Inventory atCurrent*DateCurrent PricesPrice Index`December 31 , 2017$ 129500 0108December 31 , 201814450 00125December 31 , 20101525000130What is the cost of the ending inventory at December 31 , 2019 under dollar- value LIFO ?!0 5 1317830 .$ 1250000 .Q :$ 1282350 .O$ 1274830Step by Step Solution
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