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A corporation adopted the doalr value lifo method of

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A corporation adopted the doalr value LIFO method of inventory valuation on Dec 31, 2011. Its inventory at that date was 450000 and the relevant price idex was 100. The information regarting inventory for subsequent years is as follows.

Date                             Inventory at current price                               current price idex

Dec 31,2012                      $513600                                                          107

Dec 31,2013                      $580000                                                           125

Dec 31, 2014                     $650000                                                           130

What is the ending inventory at december 31, 2012 under dollar value lifo?

Reference no: EM13484726

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