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MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Under the last-in, first-out (LIFO) inventory valuation method, a price index for inventory must be established for tax purposes. The quantity weights are based on year-ending inventory levels. Unit Price ($) Ending Inventory Beginning Ending Product A 500 0.15 0.21 B 50 1.40 1.80 100 4.50 4.20 40 11.00 13.40 Use the beginning-of-the-year price per unit as the base-period price and develop a weighted aggregate index for the total inventory value at the end of the year. (Round your answer to the nearest integer.) What type of weighted aggregate price index must be developed for the LIFO inventory valuation? Paasche index Laspeyres Index
Transcribed Image Text:Under the last-in, first-out (LIFO) inventory valuation method, a price index for inventory must be established for tax purposes. The quantity weights are based on year-ending inventory levels. Unit Price ($) Ending Inventory Beginning Ending Product A 500 0.15 0.21 B 50 1.40 1.80 100 4.50 4.20 40 11.00 13.40 Use the beginning-of-the-year price per unit as the base-period price and develop a weighted aggregate index for the total inventory value at the end of the year. (Round your answer to the nearest integer.) What type of weighted aggregate price index must be developed for the LIFO inventory valuation? Paasche index Laspeyres Index
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