Solution-Calculate the index used for yielded results

Calculate the index used for yielded results

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Question - Wildhorse Company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Wildhorse' records.

Date	Price Index	Ending Inventory at Base Prices	Ending Inventory at Dollar-Value LIFO
December 31, 2020	105	$92,610	$86,250
December 31, 2021	?	97,610	92,150

Calculate the index used for 2021 that yielded the above results.

Reference no: EM132426750

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Calculate the index used for yielded results : Wildhorse Company has used the dollar-value LIFO method for inventory cost determination for many years. Calculate the index used for 2021 that yielded results

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Calculate the index used for yielded results

Reference no: EM132426750

Reference no: EM132426750

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