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w nowy On January 1, 2021, the National Furniture Company adopted the dollar-value LIFO method of computing inventory. A
Posted: Tue Nov 16, 2021 9:26 am
by answerhappygod
- W Nowy On January 1 2021 The National Furniture Company Adopted The Dollar Value Lifo Method Of Computing Inventory A 1 (25.25 KiB) Viewed 40 times
w nowy On January 1, 2021, the National Furniture
Company adopted the dollar-value LIFO method of computing inventory. An internal cost Index is used to convert ending inventory to base year, Inventory on January 1 was $200,000 Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Inventory at cost redex Year Ended Year-end (Relative to December 31 Conte Be Year 2021 $259,200 1.09 2022 296,300 1.12 2023 299.000 1.15 Required: Compute inventory amounts at the end of each year using the dollar value LIFO method. Date Ending Inventory DVL Gost 12/31/2021 12/31/2022 12/31/2023