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Compute the ending inventory for bridgeport company

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Question - Bridgeport Company had ending inventory at end-of-year cost of $106,800 at December 31, 2016; $132,696 at December 31, 2017; and $145,140 at December 31, 2018. The year-end price indexes were 100 at 12/31/16, 114 at 12/31/17, and 118 at 12/31/18.

Compute the ending inventory for Bridgeport Company for 2016 through 2018 using the dollar-value LIFO method.

Reference no: EM132149584

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