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Aber Company manufactures one product. On December 31, 2013, Aber adopted the dollar-value LIFO inventory...

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Accounting

Aber Company manufactures one product. On December 31, 2013, Aber adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $450,000. Inventory data are as follows: Inventory at Price index Year year-end prices (base year 2009) 2014 $630,000 1.05 2015 920,000 1.15 2016 950,000 1.25 Instructions Compute the inventory at December 31, 2014, 2015, and 2016, using the dollar-value LIFO method for each year.

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