Business, 13.03.2020 22:52 tuetheturtle

On January 1, 2016, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $400,000. Inventory data for 2016 through 2018 are as follows:

Date, Ending Inventory at Year-End, Costs Cost Index

12/31/16, 540,600, 1.06

12/31/17, 598,500, 1.14

12/31/18, 638,600, 1.24

Calculate Taylor's ending inventory for 2016, 2017, and 2018.

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On January 1, 2016, the Taylor Company adopted the dollar-value LIFO method. The inventory value for...

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