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2) A company had the following inventory information: Dec. 31st EI: FIFO EI: Base Cost 2023 2024 2025 2026 2027 2028 wie ein $140,000 165,000 174,000 201,500 200,000 202,500 $140,000 150,000 145,000 155,000 166,667 162,000 ob wor hos bril Compute the value of ending inventory on a Dollar Value (DV) LIFO basis, for each year.

2) A company had the following inventory information: Dec. 31st EI: FIFO EI: Base Cost 2023 2024 2025 2026 2027 2028 wie ein $140,000 165,000 174,000 201,500 200,000 202,500 $140,000 150,000 145,000 155,000 166,667 162,000 ob wor hos bril Compute the value of ending inventory on a Dollar Value (DV) LIFO basis, for each year.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2) A company had the following inventory information: Dec. 31st EI: FIFO EI: Base Cost 2023 2024 2025 2026 2027 2028 $140,000 150,000 $140,000 165,000 174,000 201,500 200,000 202,500 woll. Im Compute the value of ending inventory on a Dollar Value (DV) LIFO basis, for each year. 145,000 155,000 166,667 162,000
Transcribed Image Text:2) A company had the following inventory information: Dec. 31st EI: FIFO EI: Base Cost 2023 2024 2025 2026 2027 2028 $140,000 150,000 $140,000 165,000 174,000 201,500 200,000 202,500 woll. Im Compute the value of ending inventory on a Dollar Value (DV) LIFO basis, for each year. 145,000 155,000 166,667 162,000
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