Ramen Inc adopted dollar value LIFO DVL as of January 1 2013 when it had a cost

Ramen inc adopted dollar value lifo dvl as of january

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80.Ramen Inc. adopted dollar-value LIFO (DVL) as of January 1, 2013, when it had a cost inventory of $600,000. Its inventory as of December 31, 2013, was $667,800 at year-end costs and the cost indexwas 1.06. What was DVL inventory on December 31, 2013? A. $630,
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000.B. $631,800.C. $636,000.D. None of the above is correct.81.Udon Inc. adopted dollar-value LIFO (DVL) as of January 1, 2013, when it had an inventory of $700,000. Its inventory as of December 31, 2013, was $777,000 at year-end costs and the cost indexwas 1.05. What was DVL inventory on December 31, 2013? 000.82.Linguini Inc. adopted dollar-value LIFO (DVL) as ofJanuary 1, 2013, when it had an inventory of $800,000. Its inventory as of December 31, 2013, was $811,200 at year-end costs and the cost indexwas 1.04. What was DVL inventory on December 31, 2013? 000.83.Buckeye Corporation adopted dollar-value LIFO onJanuary 1, 2013, when the inventory value was $500,000 and the cost index was 1.0. On December 31, 2013, the inventory value at year-end costs was $535,000 and the cost index was
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1.06. Buckeye would report a LIFO inventory of: 717.84.Tiger Inc. adopted dollar-value LIFO on January 1, 2013, when the inventory value was $360,000 and the cost index was 1.25. On December 31, 2013, the inventory was valued at year-end cost of $395,000 and the cost index was 1.30. Tiger wouldreport a LIFO inventory of: A. $410,B. $374,400.C. $379,808.D. $380,600.800.85.A company that prepares its financial statements according to International Financial Reporting Standards can use each of the following inventory valuation methods except:
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