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Posted: January 29th, 2021
Calculate Inventory Value
Question description
7. Appleton Inc. adopted dollar-value LIFO on January 1, 2011, when the inventory valuewas $1,200,000. The December 31, 2011, ending inventory at year-end costs was$1,430,000 and the cost index for the year is 1.1.Required: Compute the dollar-value LIFO inventory valuation for the December 31,2011, inventory.
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