Business, 13.08.2019 02:10 angelaguero536

Opera corp. uses dollar-value lifo method of computing its inventory cost. data for the past three years is as follows:
year ended inventory at price december 31. end-of-year prices index
2013 $390,000 1.00
2014 $756,000 1.05
2015 $810,000 1.10
what is the 2014 inventory balance using dollar-value lifo?
(a) $390,000.
(b) $371,424.
(c) $736,362.
(d) $810,000.

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Opera corp. uses dollar-value lifo method of computing its inventory cost. data for the past three y...

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