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4. Blue Man Company uses Dollar Value LIFO. Below is the following information related to...

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Accounting

4. Blue Man Company uses Dollar Value LIFO. Below is the following information related to its inventory:

Dec. 31 End of Year Prices Index

2013 $400,000 100

2014 $445,000 105

2015 $550,000 110

2016 $480,000 120

Calculate the ending inventory values for each of the four years and the LIFO reserve (please show your work)

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