Under the dollar-value lifo method what should be the, Ask an Expert

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Bond Company adopted the dollar-value LIFO inventory method on January 1, 2011. In applying the LIFO method, Bond uses internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No. 3 for the two years following the adoption of LIFO:

Under the dollar-value LIFO method, what should be the inventory at December 31, 2012, ?

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Accounting Basics, Accounting

Category:- Accounting Basics
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