02:23 PM / Remaining: 54 min. CALCULATOR PRINTER VERSION 4 BACK NEXT Testbank Problem 161 Sunland Company manufactures one product. On December 31, 2019, Sunland adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $1,040,000. Inventory data are as follows: Year 2020 2021 2022 Inventory at year-end prices $1,241,100 1,840,000 1,960,000 Price index (base year 2019) 1.05 1.15 1.25 Compute the inventory at December 31, 2020, 2021, and 2022, using the dollar-value LIFO method for each year. $ Inventory at December 31, 2020 Inventory at December 31, 2021 $ Inventory at December 31, 2022 $ Question Attempts: 0 of 1 used