A company adopted the LIFO method when its inventory was $1,800. One year later its ending inventory

Question:

A company adopted the LIFO method when its inventory was $1,800. One year later its ending inventory was $2,100 and costs had increased 5% during the year.

Required

What is the ending inventory using dollar-value LIFO?

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...