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Business, 06.06.2020 18:59 lexas2894

Kingbird Company adopted the dollar-value LIFO method on January 1, 2020 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO. Inventory At Base-Year Cost At Current-Year Cost 1/1/20 $199,700 $199,700 12/31/20 244,600 293,520 12/31/21 278,100 344,844 Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2021

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Kingbird Company adopted the dollar-value LIFO method on January 1, 2020 (using internal price index...

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