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dolan corporation adopted the dollar value lifo method of inventory valuation on December 31,2005. its...

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Accounting

dolan corporation adopted the dollar value lifo method of inventory valuation on December 31,2005. its inventory at that date was $80,000 and the relevant price index was 100.Information regarding inventory for subsequent years is as follows. date. inventory at current prices current price index December 31,2006. 115,500. 105 December 31,2007. 108,000. 120 December 31,2008. 131,300. 130 compute the cost of the ending inventory under the dollar value value lifo for the following years 2006,2007 qnd 2008.

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