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Business, 07.11.2019 01:31 alvaradovanessa14

In year 1, cobb adopted the dollar-value lifo inventory method. at that time, cobb’s ending inventory had a base-year cost and an end-of-year cost of $300,000. in year 2, the ending inventory had a $400,000 base-year cost and a $440,000 end-of-year cost. what dollar-value lifo inventory cost would be reported in cobb’s december 31, year 2, balance sheet?

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In year 1, cobb adopted the dollar-value lifo inventory method. at that time, cobb’s ending inventor...
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