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Green Acres Co

Question 88

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Green Acres Co. has elected to use the dollar-value LIFO retail method to value its inventory. The following data has been accumulated from the accounting records:
Pertinent retail price indexes:
Required:
Estimate the cost of ending inventory for December 31, 2009.
Green Acres Co. has elected to use the dollar-value LIFO retail method to value its inventory. The following data has been accumulated from the accounting records: Pertinent retail price indexes: Required: Estimate the cost of ending inventory for December 31, 2009.

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