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Compute the ending inventory for Bonita Company

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Question - Bonita Company had ending inventory at end-of-year prices of $98,000 at December 31, 2019; $117,502 at December 31, 2020; and $131,400 at December 31, 2021. The year-end price indexes were 100 at 12/31/19, 110 at 12/31/20, and 120 at 12/31/21.

Required - Compute the ending inventory for Bonita Company for 2019 through 2021 using the dollar-value LIFO method.

Reference no: EM132621273

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