f LIFO Inventory At Base-Year Cost At Current-Year Cost 1/1/14 $200,000 $200,000 12/31/14 240,000 26
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f LIFO
Inventory At Base-Year
Cost At Current-Year
Cost 1/1/14 $200,000 $200,000 12/31/14 240,000 264,000 12/31/15 256,000 286,720
Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2015?(Round price index and dollar-value LIFO inventory to 0 decimal places, eg 162)
December 31, 2015 Price Index Dollar-value LIFO inventory
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