Question: Can someone please look over my work and make sure I'm doing this right? Any feedback would be greatly appreciated. Thanks. . Steven's Co. adopted

 Can someone please look over my work and make sure I'm

Can someone please look over my work and make sure I'm doing this right? Any feedback would be greatly appreciated. Thanks.

. Steven's Co. adopted the Dollar Value LIFO method in 2019. Determine the ending inventory amount for years, 1,2 & 3 and place your answers at the bottom of the page. Steven's Co.base year inventory was $1,500,000. At the end of 2020, the ending inventory value was $1,705,000. The price level relative to the base year is now 1.10. At the end of year two, it has an ending inventory value of $1,800,000. The price level relative to the base year is now 1.20. At the end of year three, it has an ending inventory value of $1,940,000. The price level relative to the base year is now 1.25. 2019 1,500,000. 2020 1,705,000. 2021 1,800,000. 2022. 1,940,000. 1.00. 1.10. 1.20. 1.25. 1,500,000. 50,000. -50,000. 52,000. Year 1 1,500,000 + 55000 $1,555,000 Year 2 1,500,000 + 55,000 55,000 = $1,500,000 = Year 3 1,500,000 + 55,000 - 55,000 + 2500 = $1,502,500 . Steven's Co. adopted the Dollar Value LIFO method in 2019. Determine the ending inventory amount for years, 1,2 & 3 and place your answers at the bottom of the page. Steven's Co.base year inventory was $1,500,000. At the end of 2020, the ending inventory value was $1,705,000. The price level relative to the base year is now 1.10. At the end of year two, it has an ending inventory value of $1,800,000. The price level relative to the base year is now 1.20. At the end of year three, it has an ending inventory value of $1,940,000. The price level relative to the base year is now 1.25. 2019 1,500,000. 2020 1,705,000. 2021 1,800,000. 2022. 1,940,000. 1.00. 1.10. 1.20. 1.25. 1,500,000. 50,000. -50,000. 52,000. Year 1 1,500,000 + 55000 $1,555,000 Year 2 1,500,000 + 55,000 55,000 = $1,500,000 = Year 3 1,500,000 + 55,000 - 55,000 + 2500 = $1,502,500

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