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Use the dollar-value lifo method to compute the ending

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Question

The following information relates to the Marigold Company.

Date                                         Ending Inventory (End-of-Year Prices)       Price            Index

December 31, 2013                            $7                                                5,600            100

December 31, 2014                           9                                                   8,988            113

December 31, 2015                           10                                                 7,125            125

December 31, 2016                           12                                                 1,290            130

December 31, 2017                           11                                                 3,400            135

Use the dollar-value LIFO method to compute the ending inventory for Marigold Company for 2013 through 2017.

 

Reference no: EM132318570

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