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dollar value lifo invnetory valuation

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Question;ABC Company implemented Dollar Value LIFO inventory;valuation in 2009, when their ending inventory was $650,000. The following are the inventory amounts for;an ingredient used in packaging for years 2010 ? 2014;Year;Inventory at End year Prices;Price Index;2010;$697,200;105;2011;$795,800;115;2012;$805,200;120;2013;$856,500;125;2014;$901,800;135;Calculate the ending inventory for;years 2009 ? 2014 using the Dollar Value LIFO

 

Paper#37530 | Written in 18-Jul-2015

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