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A04 Assignment 08
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A04 Assignment 08 Assignment 08 A04 Intermediate Accounting I Directions: Be sure to make an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise state... d, answer in complete sentences, and be sure to use correct English spelling and grammar. Sources must be cited in APA format. Refer to the "Assignment Format" page for specific format requirements. Part A (30 points) The Bravo Company manufactures a single product. On December 31, 2012 Bravo adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was determined to be $500,000. Inventory data for succeeding years are as follows: Year Ended December 31 Inventory at Respective Year-end Prices Relevant Price Index (Base Year 2012) 2012 $500,000 1.00 2013 527,000 1.08 2014 635,000 1.15 2015 645,000 1.21 [Show More]
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