Using the following information calculate the cost of


Using the following information, calculate the cost of ending inventory on December 31, 2011 using dollar-value LIFO.

Year - Ending Inventory @ Current Year Cost - Cost Index

2007 $100,000 1.00

2008 $126,000 1.05

2009 $137,500 1.10

2010 $145,000 1.25

2011   $180,000   1.20

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Financial Accounting: Using the following information calculate the cost of
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