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Note: Enter each price index rounded to two digits after the decimal; for example, enter...

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Accounting

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Note: Enter each price index rounded to two digits after the decimal; for example, enter an index of 1.42 for 1.424 or enter an index of 1.43 for 1.425. b. Compute the ending inventory on a dollar-value LIFO basis for Years 5, 6, 7, and 8. - In step four (restating layers of inventory into current year dollars) use rounded indices from part a. - Round final answers to the nearest whole dollar. c. Prepare the journal entry at each year-end, Year 5 through Year 8 , to adjust inventory to LIFO. Please answer all parts of the question. Note: Enter each price index rounded to two digits after the decimal; for example, enter an index of 1.42 for 1.424 or enter an index of 1.43 for 1.425. b. Compute the ending inventory on a dollar-value LIFO basis for Years 5, 6, 7, and 8. - In step four (restating layers of inventory into current year dollars) use rounded indices from part a. - Round final answers to the nearest whole dollar. c. Prepare the journal entry at each year-end, Year 5 through Year 8 , to adjust inventory to LIFO. Please answer all parts of the

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