Dollar-Value LIFO On January 1, 2018, Sato Company adopted the dollar-value LIFO method of inventory...
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Dollar-Value LIFO On January 1, 2018, Sato Company adopted the dollar-value LIFO method of inventory costing. Sato's ending inventary records appear as follows: Year Current Cost Index 2018 $39,600 100 2019 120 55,440 58,110 2020 130 2021 70.980 140 Required: Compute the ending inventory for the years: 2018, 2019, 2020, and 2021, using the dollar value LIFO method. Year Ending Inventory 2018 39,600 v 2019 47,520 45,720 2020 2021 Feedback
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