Question: (L04) 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

(L04) 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 2016 $19,750 100 2017 22,140 108 2018 25,935 114 Compute the value of the 2017 and 2018 inventories using the dollar-value LIFO method.

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