Solution-Compute the inventory at December

Compute the inventory at December

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Reference no: EM132718145

Question - Aber Company manufactures one product. On December 31, 2019, Aber adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $900,000. Inventory data are as follows:

Year	Inventory at year-end prices	Price index (base year2019)
2020	$1,260,000	1.05
2021	1,840,000	1.15
2022	1,900,000	1.25

Required - Compute the inventory at December 31, 2020, 2021, and 2022, using the dollar-value LIFO method for each year.

Reference no: EM132718145

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Compute the inventory at December

Reference no: EM132718145

Reference no: EM132718145

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