Business
Business, 06.04.2021 05:10, lailahussain99

Two years ago Angle Company starting using dollar-value LIFO for costing its inventory. The first year the ending inventory in end-of-year dollars was $180,000 with a price index of 1.0. The second year the inventory was $270,000 and the index was 1.2. The current inventory at end of year prices is $387,000 and the price index is 1.25. Given this information, the ending inventory using dollar-value LIFO is

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Two years ago Angle Company starting using dollar-value LIFO for costing its inventory. The first ye...

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