saigeshort
saigeshort
26.02.2020 • 
Business

Udon Inc. adopted dollar-value LIFO (DVL) as of January 1, 2016, when it had an inventory of $724,000. Its inventory as of December 31, 2016, was $874,000 at year-end costs and the cost index was 1.15. What was DVL inventory on December 31, 2016?a.$765,400b.$832,600c.$874,000d.$760,000

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