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Testbank Problem 151 Flint Department Store wishes to use the retail LIFO method of valuing inventories for 2021. The appropr

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Testbank solution: problem 151% : Dcomputation of Retail. Inventory for zoizi. cost Retail Ratio i $1,292,000 $2,115,000 $2,1Cost Retail $2,568,800 100 $11292.000 $2,115,000 2) Adjustment of Inventory to LIFO Basis Ending Inventory at base year priceHi. If you have any doubts relating to the above solution feel free to rise your doubts though comments. Thank You.

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