12 D E F G H Presented below is information related to Meghani Company. Date Ending 3 (End-of-Year) Inventory (FIFO) Price Index 456982 2022 $100,000 100 2023 229,000 103 2024 218,658 110 7 2025 239,700 115 2026 170,000 125 19 10 11 Instructions: 12 3 Inventory at end-of-year Year prices Compute the ending inventory for Meghani Company for 2022 through 2026 using the dollar-value LIFO method. Inventory at Price Index base-year price Layers Value LIFO Value LIFO Total LIFO Reserve 5 2022 $100,000 1 $100,000 2023 229,000 1.03 235,870 2024 218,658 1.1 240,523 2025 239,700 1.15 275,655 Index $100,000 1 $100,000 1 1 1 $100,000 2026 170,000 1.25 212,500 inventory prices price index 33 Journal entries account titles debit credit 34 2023 COGS 35 LIFO 36 37 2024 COGS 38 LIFO 39 40 2025 COGS 41 LIFO 42 43 2026 COGS 444 44 LIFO 45 46