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What is the ending inventory using dollar-value LIFO

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Question - Waterway Industries began using dollar-value LIFO for costing its inventory last year. The base year layer consists of $602000. Assuming the current inventory at end of year prices equals $830000 and the index for the current year is 1.1, what is the ending inventory using dollar-value LIFO?

Assuming the current inventory at end of year prices equals $830000 and the index for the current year is 1.1, what is the ending inventory using dollar-value LIFO?

a. $830,000.00

b. $769,800.00

c. $754,545.00

d. $913,000.00

Reference no: EM132591241

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