Un January 1, 2026, Blue Inc. adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this d is provided for fiscal year ended December 31, 2026: Inventory Valued at Year-End Costs - $806,000 . Cost Index (relative to base year) - 1.04 What is the amount of inventory reported at December 31, 2026 using the Dollar-Value LIFO method? $775,600 $775,000 $806,000 $802.000 OO

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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On January 1, 2026, Blue Inc. adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this dat
is provided for fiscal year ended December 31, 2026:
. Inventory Valued at Year-End Costs $806,000
• Cost Index (relative to base year) - 1.04
What is the amount of inventory reported at December 31, 2026 using the Dollar-Value LIFO method?
$775,600
$775,000
$806,000
$ 802.000
000
Transcribed Image Text:29 0 1 2 On January 1, 2026, Blue Inc. adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this dat is provided for fiscal year ended December 31, 2026: . Inventory Valued at Year-End Costs $806,000 • Cost Index (relative to base year) - 1.04 What is the amount of inventory reported at December 31, 2026 using the Dollar-Value LIFO method? $775,600 $775,000 $806,000 $ 802.000 000
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