f LIFO Inventory At Base-Year Cost At Current-Year Cost 1/1/14 $200,000 $200,000 12/31/14 240,000 26
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f LIFO
| Inventory | At Base-Year Cost |
At Current-Year Cost |
| 1/1/14 | $200,000 | $200,000 |
| 12/31/14 | 240,000 | 264,000 |
| 12/31/15 | 256,000 | 286,720 |
Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2015?(Round price index and dollar-value LIFO inventory to 0 decimal places, eg 162)
| December 31, 2015 | |
| Price Index | |
| Dollar-value LIFO inventory |
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