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Compute the value of the inventories

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Question - Swifty, 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

2019

$19,800

100

2020

21,935

107

2021

25,538

113

Required - Compute the value of the 2020 and 2021 inventories using the dollar-value LIFO method.

Reference no: EM132621264

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