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Tiger Inc. adopted dollar-value LIFO on January 1, 2021, when the inventory value was $360,000 and the cost index was 1.25. On December 31, 2021, the inventory was valued at year-end cost of $395,000 and the cost index was 1.30. Tiger would report a LIFO inventory of:
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Tiger Inc. adopted dollar-value LIFO on January 1, 2021, when the inventory value was $360,000 and t...
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