Duke University Operations And Supply Chain Management Assignment Help - Dollar-Value LIFO
Question - Oasis company has used the dollar-value LIFO method for inventory cost determination for many years. The following data were extracted from Oasis's records. Date Price Index Ending Inventory @ base prices ending inventory @ dollar-value LIFO 12/31/14 105 $92,000 $92,600 12/31/15 ? $97,000 $98,350 Calculate the index used for 2015 that yielded the above results.
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