Business, 22.03.2021 21:20 cecelia090
Ayayai Company adopted the dollar-value LIFO method on January 1, 2020 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO. Inventory At Base-Year Cost At Current-Year Cost 1/1/20 $193,700 $193,700 12/31/20 240,800 288,960 12/31/21 275,300 338,619 Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2021
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Ayayai Company adopted the dollar-value LIFO method on January 1, 2020 (using internal price indexes...
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