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  3. a new layer is formed under dollar-value lifo when

A new layer is formed under dollar-value LIFO when the ending inventory at: ...

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Accounting

A new layer is formed under dollar-value LIFO when the ending inventory at:
base-year prices exceeds the beginning inventory at base-year prices.
current cost exceeds the beginning inventory at base-year cost.
end-of-year prices exceeds the beginning inventory at end-of-year prices.
end-of-year prices exceeds the beginning inventory at base-year prices.
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