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On January 1, 2013, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $460,000. Inventory data for 2013 through 2015 are as follows: Ending inventory at year-end costs in order are $494,400 with cost index 1.03, $569,250 with cost index 1.15, and $586,850 with cost index 1.21. Calculate Taylor's ending inventory for 2013, 2014, and 2015.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9405323

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