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Compute the ending inventory for tipton company

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Question - Presented below is information related to Tipton Company.

Date

Ending Inventory
(End-of-Year Prices)

Price Index

December 31, 2007

$92,800

100

December 31, 2008

 133,980

105

December 31, 2009

 125,280

120

December 31, 2010

 141,752

130

December 31, 2011

 178,640

140

December 31, 2012

 205,204

145

Compute the ending inventory for Tipton Company for 2007 through 2012 using the dollar-value LIFO method.

Reference no: EM131794028

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