Question: Computing Ending Inventory under Dollar-Value LIFO Will Inc. accounts for inventory using the dollar-value LIFO method. The following information is available for the years 2020

Computing Ending Inventory under Dollar-Value LIFO Will Inc. accounts for inventory

Computing Ending Inventory under Dollar-Value LIFO Will Inc. accounts for inventory using the dollar-value LIFO method. The following information is available for the years 2020 through 2022. Ending Inventory Price Index $5,000 2021 8,000 Year at FIFO 2020 1.00 1.10 1.13 2022 10,000 What is its ending inventory under the dollar-value LIFO method for the years 2020 2021, and 2022? Note: Round your answers to the nearest whole dollar Dollar value LIFO ending inventory, 2020 $ 5,000 Dollar-value LIFO ending inventory, 2021 $ Dollar-value LIFO ending inventory, 2022 $ 0 0 Check

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