Question: Arna, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Compute the value of the 2020 and

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

Inventory at Current-Year Cost $19,750 22,140 Year Ended December 31 2019 2020

Compute the value of the 2020 and 2021 inventories using the dollar-value LIFO method.

Inventory at Current-Year Cost $19,750 22,140 Year Ended December 31 2019 2020 2021 Price Index 100 108 114 25,935

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