Tiger inc. adopted dollar-value lifo on january 1 2013 when, Ask an Expert

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Tiger Inc. adopted dollar-value LIFO on January 1, 2013, when the inventory value was $360,000 and the cost index was 1.25. On December 31, 2013, the inventory was valued at year-end cost of $395,000 and the cost index was 1.30. what Tiger would report a LIFO inventory of:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947285

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