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Business, 06.05.2020 17:04, sanders8151
At the beginning of 2021, a company adopts the dollar-value LIFO inventory method for its one inventory pool. The pool’s value on that date was $1,250,000. The 2021 ending inventory valued at year-end costs was $1,431,000 and the year-end cost index was 1.06. Calculate the inventory value at the end of 2021 using the dollar-value LIFO method.
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Answers: 2
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