Dollar-value lifo, On January 1, 2009,the Sato Company adopted the dollar-value LIFO, Accounting Basics

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Dollar-value lifo

On January 1, 2009,the Sato Company adopted the dollar-value LIFO method of inventorycosting. The company's ending inventory records appear asfollow:

Year CurrentCost Index

2009 $40,000 100

2010 56,100 120

2011 58,500 130

2012 70,000 140

Compute the ending inventory for the year 2009, 2010, 2011, and 2012, using the dollar-value LIFO method (round to the nearest dollar).

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Accounting Basics: Dollar-value lifo

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Accounting Basics: Dollar-value lifo

Reference No:- TGS0555611

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Dollar-value lifo

Reference No:- TGS0555611

Recent Questions Asked Accounting Basics

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