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Hock Brothers Uses the Simplified Dollar-Value LIFO Method to Account

question 12

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Hock Brothers uses the simplified dollar-value LIFO method to account for its inventory. Ending inventory at actual prices in 2012 and 2013 was $80,000 and $120,000, respectively. fte Consumer Price Index for 2012 and 2013 was 102% and 107%, respectively. fte value of Hock Brothers' ending inventory in 2013 is:


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