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Compute the ending inventory for Concord Company

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Problem - Concord Company had ending inventory at end-of-year prices of $90,000 at December 31, 2019; $107,910 at December 31, 2020; and $121,104 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. Compute the ending inventory for Concord Company for 2019 through 2021 using the dollar-value LIFO method.

Reference no: EM132984463

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