Essay
LIFO retail inventory method, stable prices.
Potter Variety Store uses the LIFO retail inventory method. Information relating to the computation of the inventory at December 31, 2014, follows: 
Instructions
Assuming that there was no change in the price index during the year, compute the inventory at December 31, 2014, using the LIFO retail inventory method.
Correct Answer:
Verified
Correct Answer:
Verified
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