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Compute Bryce cost index for Year

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Reference no: EM132882716

Problem - An evaluation of Bryce's Bookstore's inventory was performed in Year 2. It produced the following results:

Sample of ending inventory at current-year costs 5 $75,000

Sample of ending inventory at previous-year costs 5 $69,000

The cost index in Year 1 was 105. Using the link-chain method, compute Bryce's cost index for Year 2.

Reference no: EM132882716

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