On January 1, 2009, the Sato Company adopted the dollars value LIFO method of inventory costing the…

On January 1, 2009, the Sato Company adopted the dollars value LIFO method of inventory costing the…

On January 1, 2009, the Sato Company adopted the dollars value LIFO method of inventory costing the company ending inventory records appears as follows:

Year	Current	Index cost
2009	40,000	100
2010	56,100	120
2011	58,500	130
2012	70,000	140

Required:

Compute the ending inventory for the years 2009, 2010, 2011, and 2012 using the dollar value LIFO methods

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