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Business, 11.12.2019 23:31 jessicawolfking

Bond company adopted the dollar-value lifo inventory method on january 1, 2021. in applying the lifo method, bond uses internal cost indexes and the multiple-pools approach. the following data were available for inventory pool no. 3 for the two years following the adoption of lifo:

ending inventory
year at year-end at base year cost cost index
1/1/2021 304,000 304,000 1.00
12/31/2021 341,250 325,000 1.05
12/31/2022 435,420 354,000 1.23
under the dollar-value lifo method, the inventory at december 31, 2022, should be

a. $361,720.
b. $354,000.
c. $355,050.
d. none of these answer choices are correct.

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Bond company adopted the dollar-value lifo inventory method on january 1, 2021. in applying the lifo...
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