Current Attempt in Progress Marigold Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1102000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Cukrent Date Current Prices Price Index December 31, 2020 $1285000 107 December 31, 2021 1441000 125 December 31, 2022 1623000 130 What is the cost of the ending inventory at December 31, 2021 under dollar-value LIFO? O $1156356. O $1152800. O $1149800. O $1200935.

Current Attempt in Progress Marigold Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1102000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Cukrent Date Current Prices Price Index December 31, 2020 $1285000 107 December 31, 2021 1441000 125 December 31, 2022 1623000 130 What is the cost of the ending inventory at December 31, 2021 under dollar-value LIFO? O $1156356. O $1152800. O $1149800. O $1200935.

Name: Question 20 of 50-/ 1View PoliciesCurrent Attempt in ProgressMarigold
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Description: Question 20 of 50-/ 1View PoliciesCurrent Attempt in ProgressMarigold Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was$1102000 and the relevant price index was 100. Information re

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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