Wildhorse Company had ending inventory at end-of-year prices of $118,000 at December 31, 2019; $141,482 at December 31, 2020; and $158,700 at December 31, 2021. The year-end price indexes were 100 at 12/31/19, 110 at 12/31/20, and 120 at 12/31/21. Compute the ending inventory for Wildhorse Company for 2019 through 2021 using the dollar-value LIFO method.
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Wildhorse Company had ending inventory at end-of-year prices of $118,000 at December 31, 2019; $141,...
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