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Firlakuza [10]
4 years ago
11

Web World began using dollar-value LIFO for costing its inventory last year. The base year layer consists of $600,000. Assuming

the current inventory at end of year prices equals $828,000 and the index for the current year is 1.10, what is the ending inventory using dollar-value LIFO?
Business
1 answer:
creativ13 [48]4 years ago
7 0

Answer:

768,000

Explanation:

Year 1: 600,000

Year 2: 828,000/1.10=752,727

(600,000+ x)=752,727

x=152,727

152,727*1.10=168,000+600,000=768,000

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