Solved: Oasis company has used the dollar-value lifo method for, Accounting Basics

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Oasis company has used the dollar-value lifo method for

Problem

Oasis Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Oasis's records.

Date	Price Index	Ending Inventory at Base Prices	Ending Inventory at Dollar-Value LIFO
December 31, 2014	105	$92,868	$93,150
December 31, 2015	?	97,868	98,700

Calculate the index used for 2015 that yielded the above results.

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Accounting Basics: Oasis company has used the dollar-value lifo method for

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Accounting Basics: Oasis company has used the dollar-value lifo method for

Reference No:- TGS02605424

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