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Using the following information, calculate the cost of ending inventory on December 31, 2011 using dollar-value LIFO.

Year - Ending Inventory @ Current Year Cost - Cost Index

2007 $100,000 1.00

2008 $126,000 1.05

2009 $137,500 1.10

2010 $145,000 1.25

2011 $180,000 1.20

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92018792

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