Dollar_value_LIFO_slide - Special Issues Related to LIFO...

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Special Issues Related to LIFO Exercise 8-25 (partial): The following information relates to the Martin Company. Use the dollar-value LIFO method to compute the ending inventory for 2009 through 2011. LO 8 Explain the dollar-value LIFO method. Dollar-Value LIFO
Special Issues Related to LIFO Inventory atInventory at$ ValueEnd-of-YearBase-YearBase$ ValueLIFOLIFOYearPricesIndexPricesLayersIndexLIFOTOTALReserve200980,000$ 1.0080,000$ 80,000$ 1.0080,000

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