Solved: Dollar-value lifo retail springsteen corporation adopted, Accounting Basics

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Dollar-value lifo retail springsteen corporation adopted

1. Dollar-Value LIFO Retail Springsteen Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2009. At that time the inventory had a cost of $54,000 and a retail price of $100,000. The following information is available. The price index at January 1, 2009, is 100. Compute the ending inventory at December 31 of the years 2009-2012. Round to the nearest dollar.

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Accounting Basics: Dollar-value lifo retail springsteen corporation adopted

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Accounting Basics: Dollar-value lifo retail springsteen corporation adopted

Reference No:- TGS01495555

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