Business, 07.03.2020 00:40 mismhan01

The Tital Company adopts dollar-value LIFO inventory on 12/31/19 when its inventory at current price is $45,000. The inventory value on 12/31/20 at current 2020 prices is $65,000. If prices increased by 30% during 2020, the dollar-value LIFO inventory at 12/31/20 will be:

a. $58,000.
b. $51,500.
c. $65,000.
d. $48,700.

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The Tital Company adopts dollar-value LIFO inventory on 12/31/19 when its inventory at current price...

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