Un January 1, 2026, Blue Inc. adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this d is provided for fiscal year ended December 31, 2026: Inventory Valued at Year-End Costs - $806,000 . Cost Index (relative to base year) - 1.04 What is the amount of inventory reported at December 31, 2026 using the Dollar-Value LIFO method? $775,600 $775,000 $806,000 $802.000 OO
Un January 1, 2026, Blue Inc. adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this d is provided for fiscal year ended December 31, 2026: Inventory Valued at Year-End Costs - $806,000 . Cost Index (relative to base year) - 1.04 What is the amount of inventory reported at December 31, 2026 using the Dollar-Value LIFO method? $775,600 $775,000 $806,000 $802.000 OO
Chapter18: Accounting Periods And Methods
Section: Chapter Questions
Problem 67P
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