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Compute the ending inventory for tipton company for 2007

Question - Presented below is information related to Tipton Company.

Date	Ending Inventory (End-of-Year Prices)	Price Index
December 31, 2007	$92,800	100
December 31, 2008	133,980	105
December 31, 2009	125,280	120
December 31, 2010	141,752	130
December 31, 2011	178,640	140
December 31, 2012	205,204	145

Compute the ending inventory for Tipton Company for 2007 through 2012 using the dollar-value LIFO method.

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Accounting Basics: Compute the ending inventory for tipton company for 2007

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