Question: 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

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 2013 $19,700 100 2014 21,935 107 2015 25,199 113 Compute the value of the 2014 and 2015 inventories using the dollar-value LIFO method. 2014 2015 Inventory Under Dollar Value LIFO $ $

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