Solved: Use the dollar-value lifo method to compute the ending, Accounting Basics

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Use the dollar-value lifo method to compute the ending

Question - The following information relates to the Skysong Company.

Date Ending Inventory (End-of-Year Prices) Price Index

December 31, 2013$ 63,500100

December 31, 2014105,434119

December 31, 2015113,446131

December 31, 2016128,792136

December 31, 2017118,158141

Use the dollar-value LIFO method to compute the ending inventory for Skysong Company for 2013 through 2017.

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Accounting Basics: Use the dollar-value lifo method to compute the ending

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Accounting Basics: Use the dollar-value lifo method to compute the ending

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