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Describe the double-extension and link-chain methods used in dollar-value LIFO and when each should be used.

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Describe the double-extension and link-chain methods used in dollar-value LIFO and when each should be used.

Answered Same Day Dec 21, 2021

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Robert answered on Dec 21 2021
111 Votes
Describe the double-extension and link-chain methods used in
dollar-value LIFO and when each should be used.
Double Extension methods: - It was traditionally developed to compute the conversion
price index. In order to a
ive at the dollar value, the entire quantity of ending inventory
is extended at both base year prices and year end...
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