Question: Springsteen Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2011. At that time the inventory had a cost of $54,000 and a

Springsteen Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2011. At that time the inventory had a cost of $54,000 and a retail price of $100,000. The following information is available.

Springsteen Corporation adopted the dollar-value LIFO retail inventory method on January 1,

The price index at January 1, 2011, is 100.
Instructions
Compute the ending inventory at December 31 of the years 2011–2014. Round to the nearest dollar.

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