Solution-Compute the inventory at December

Compute the inventory at December

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Reference no: EM132590985

Question - Mets Company adopted the dollar-value LIFO inventory method at December 31, 2017 The inventory on that date using the dollar-value LIFO inventory method was $240,000. Inventory data are as follows:

Year	Inventory at year-end prices	Price index (base year 2016)
2017	$240,000	1.00
2018	275,000	1.10
2019	300,000	1.20

Required - Compute the inventory at December 31, 2018, and 2019, using the dollar-value LIFO method for each year.

Reference no: EM132590985

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Compute the inventory at December : Mets Company adopted the dollar-value LIFO inventory method at December 31, 2017. Compute the inventory at December

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Compute the inventory at December

Reference no: EM132590985

Reference no: EM132590985

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