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what is the ending inventory using dollar-value LIFO

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Question - Yelsi Inc. began using dollar-value LIFO for costing its inventory last year. The base year layer consists of $350,000. Assuming the current inventory at end of year prices equals $483,000 and the index for the current year is 1.10, what is the ending inventory using dollar-value LIFO?

a. $483,000.

b. $448,000.

c. $439,091.

d. $531,300.

Reference no: EM131671308

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