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Opera Corp

question 95

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Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:   What is the 2015 inventory balance using dollar-value LIFO? A)  $810,000. B)  $771,000. C)  $736,500. D)  $754,500. What is the 2015 inventory balance using dollar-value LIFO?


Definitions:

Units Per Period

A metric that indicates the quantity of production, sales, or any other measurable activity within a specified timeframe.

Marginal Product

The increase in output that results from employing one more unit of a specific input, holding all other inputs constant.

Bushels

A unit of volume that is used in the United States for measuring agricultural products, such as grains.

Marginal Product

The increase in output resulting from a one-unit increase in the amount of a single input used, holding all other inputs constant.

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