Business, 24.04.2020 20:22 egardner4667

Bond Company adopted the dollar-value LIFO inventory method on January 1, 2021. In applying the LIFO method, Bond uses internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No. 3 for the two years following the adoption of LIFO: Ending Inventory Year At Year-End At Base Year Cost Cost Index 1/1/2021 $ 305,000 $ 305,000 1.00 12/31/2021 335,920 323,000 1.04 12/31/2022 436,760 358,000 1.22 Under the dollar-value LIFO method, the inventory at December 31, 2022, should be

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Bond Company adopted the dollar-value LIFO inventory method on January 1, 2021. In applying the LIFO...

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