Suppose that the Consumer Price Index [CPI] at 1 January 2020 was 100 and CPI on 31 December 2020 is 103. The historical

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answerhappygod
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Suppose that the Consumer Price Index [CPI] at 1 January 2020 was 100 and CPI on 31 December 2020 is 103. The historical

Post by answerhappygod »

Suppose that the Consumer Price Index [CPI] at 1 January 2020
was 100 and CPI on 31 December 2020 is 103. The historical cost of
ending inventory is 20000. The ending inventory at the fair market
value is ----

a.
23000

b.
20000

c.
20600

d.
21000
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