Business

Nathan

2 April, 21:43

Tiger Inc. adopted dollar-value LIFO on January 1, 2006, when the inventory value was $360,000 and the cost index was 1.25. On December 31, 2006, the inventory was valued at year-end cost of $395,000 and the cost index was 1.30. Tiger would report a dollar-value LIFO inventory of:A. $410,800. B. $374,400. C. $379,808. D. $380,600.

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