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Compute the value of the inventories

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Question - Arna, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow.

Year ended December 31

Inventory at Current-year Cost

Price Index

2009

$19,750

100

2010

  22,140

108

2011

  25,935

114

Compute the value of the 2010 and 2011 inventories using the dollar-value LIFO method.

Reference no: EM131768703

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