Describe the LIFO double-extension
method. Using the following information compute the index at December
31, 2010, applying the double-extension method to a LIFO pool consisting
of 25500 units of product A and 10,350 units of product B, the
base-year cost of product A is $10.20 and of product B is $37.00. The
price at December 31, 2010, for product A is $21.00 and for product B is
$45.60.
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