Solution-Compute the ending inventory for the years

Compute the ending inventory for the years

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Reference no: EM132882792

Problem - On January 1, 2018, Sato Company adopted the dollar-value LIFO method of inventory costing. Sato's ending inventory records appear as follows:

Year	Current Cost	Index
2018	$40,000	100
2019	56,100	120
2020	58,500	130
2021	70,000	140

Required - Compute the ending inventory for the years 2018, 2019, 2020, and 2021, using the dollar-value LIFO method. Round to the nearest dollar.

Reference no: EM132882792

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Compute the ending inventory for the years

Reference no: EM132882792

Reference no: EM132882792

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