Brief Exercise 8-09 Skysong, Inc. uses the dollar-value LIFO method of computing its inventory. Data...
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Brief Exercise 8-09 Skysong, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 Price Index 2019 Inventory at Current-Year Cost $19,500 21,924 25,650 100 2020 108 2021 114 Compute the value of the 2020 and 2021 inventories using the dollar-value LIFO method. 2020 2021 Inventory under LIFO
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