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ABC Corp. uses the dollar-value LIFO method of computing its inventory cost. Information for the past...
ABC Corp. uses the dollar-value LIFO method of computing its inventory cost. Information for the past three years is presented below.
LIFO
Year ed Inventory at Price
December 31 End-of-year Prices Index
2017 $143,000 1.00
2018 277,200 1.05
2019 308,000 1.10
2020 312,000 1.20
What is the 2020 year-end inventory balance using dollar-value LIFO (do not type $) ?
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Inventory
at
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