Question: Arna, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 Inventory at Current-year

Arna, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow.

Year Ended December 31      Inventory at Current-year       Cost Price Index

2009                                                      $19,750                                     100

2010                                                        22,140                                     108

2011                                                        25,935                                     114

Compute the value of the 2010 and 2011 inventories using the dollar-value LIFO method.

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