Nash company has used the dollar-value lifo method for inventory cost determination for many years. the following data were extracted from nash’ records. date price index ending inventory at base prices ending inventory at dollar-value lifo december 31, 2020 105 $92,130 $102,500 december 31, 2021 ? 97,130 108,150.
calculate the index used for 2015 that yielded the above results.
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Nash company has used the dollar-value lifo method for inventory cost determination for many years....
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