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Your answer is incorrect. Try again Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The
Your answer is incorrect. Try again Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO. At Base-Year Cost At Current-Year Cost Inventory 12/31/14 12/31/15 $210,000 248,000 265,000 $210,000 272,800 299,450 Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2015? (Round price index and dollar-value LIFO inventory to O decimal places, e.g. 162.) December 31, 2015 Price Index Dollar-value LIFO inventory LINK TO TEXT
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