Presented below is information related to Kaisson Corporation for the last 3 years.

Instructions

Compute the ending inventories under the dollar-value LIFO method for 2019, 2020, and 2021. The base period is January 1, 2019, and the beginning inventory cost at that date was $45,000. Compute indexes to two decimal places.

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Quantities in Ending Current-Year Cost Base-Year Cost Inventories Unit Cost Unit Cost Item Amount Amount December 31, 2019 $2.00 $18,000 $2.20 $19,800 A 9,000 6,000 3.00 18,000 3.55 21,300 4,000 5.000 20,000 5.40 21,600 $56,000 Totals $62,700 December 31, 2020 $2.00 $18,000 $2.60 $23,400 A 9,000 6,800 B 3.00 20,400 3.75 25,500 5.00 30,000 38,400 6,000 6.40 Totals $68,400 $87,300 December 31, 2021 8,000 $2.00 $16,000 24,000 $2.70 $21,600 A 3.00 8,000 4.00 32,000 6,000 5.00 30,000 6.20 37,200 Totals $70,000 $90,800