On january 1 2009the sato company adopted the dollar-value, Ask an Expert

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On January 1, 2009,the Sato Company adopted the dollar-value LIFO method of inventorycosting. The company's ending inventory records appear asfollow:

Year CurrentCost Index

2009 $40,000 100

2010 56,100 120

2011 58,500 130

2012 70,000 140

Compute the ending inventory for the year 2009, 2010, 2011, and 2012, using the dollar-value LIFO method (round to the nearest dollar).

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797642

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