Business, 26.11.2019 22:31 laurenppylant

Under dollar-value lifo each layer in ending inventory at lifo cost is calculated by:

a. multiplying the layer at current-year prices by the current year price index.
b. dividing the layer at base-year prices by base-year price index.
c. dividing the layer at current-year prices by the current year price index.
d. first expressing the year at base-year prices and then extending it to current lifo cost by multiplying by the year’s price index

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Under dollar-value lifo each layer in ending inventory at lifo cost is calculated by:

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