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Web World Began Using Dollar-Value LIFO for Costing Its Inventory

Question 108

Multiple Choice

Web World began using dollar-value LIFO for costing its inventory last year.The base year layer consists of $250,000.Assuming the current inventory at end of year prices equals $345,000 and the index for the current year is 1.10, what is the ending inventory using dollar-value LIFO?


A) $345,000.
B) $320,000.
C) $313,636.
D) $379,500.

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