Given the following information for the Albuquerque Company: Date 12/31/16 12/31/17 12/31/18 Inventory at end-...
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Accounting
Given the following information for the Albuquerque Company: Date 12/31/16 12/31/17 12/31/18 Inventory at end- of-year prices $ 85,000 $100,000 $115,000 Price Index 100 115 125 Using dollar-value LIFO, the 12/31/18 inventory for the balance sheet is approximately Select one: O a. $93,554 b. $92,000 O c. $106,250 O d. $90,489 O e. $93,261
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