Calculate Inventory Value

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xpyne027

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Description

7. Appleton Inc. adopted dollar-value LIFO on January 1, 2011, when the inventory value
was $1,200,000. The December 31, 2011, ending inventory at year-end costs was
$1,430,000 and the cost index for the year is 1.1.
Required: Compute the dollar-value LIFO inventory valuation for the December 31,
2011, inventory.

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