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Nova Corporation adopted dollar-value LIFO on January 1, 2011, when the inventory value was $500,000...

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Accounting

Nova Corporation adopted dollar-value LIFO on January 1, 2011, when the inventory value was $500,000 and the cost index was 1.0. On December 31, 2011, the inventory value at year-end costs was $535,000 and the cost index was 1.06. Nova would report a LIFO inventory of

$504,717
$530,000
$505,000
$533,019.

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