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What inventory balance should badger report the 2016 ending

On January 1, 2016, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $115,000. The 2016 ending inventory, valued at year-end costs, was $150,800. The relative cost index for this inventory in 2016 was 1.16.

What inventory balance should Badger report on its 12/31/16 balance sheet?

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Accounting Basics: What inventory balance should badger report the 2016 ending

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