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Calculate ending inventory valuation using dollar value lifo

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Reference no: EM132762724

Problem 1: The Chaos Company adopted the dollar value LIFO method for the calendar year 2019 financial statements. Using the data below, calculate the ending inventory valuation using dollar value LIFO.

Ending Inventory

Year  @ Current Prices      Index
2019       30,000                 1.00
2020         40,000               1.02
2021         41,000                1.05
2022         44,000                1.06
2023        45,000                 1.10

Reference no: EM132762724

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