Question: On january 1, 2020, Bay Inc. adopted dollar-value LIFO, and its inventory priced at current costs was $30.000. The following information is available on

On january 1, 2020, Bay Inc. adopted dollar-value LIFO, and its inventory

On january 1, 2020, Bay Inc. adopted dollar-value LIFO, and its inventory priced at current costs was $30.000. The following information is available on its inventories for 2020 through 2022. Ending Inventory Year at December31 Factor $34.000 Year-End Conversion 2020 1.10 2021 40,000 1.22 2022 36.000 1.15 *Computed as: Current (year-end) price index + Base year price index Compute the ending inventory on a dollar-value LIFO basis for each year, 2020 through 2022. Note: Do not round until your final answer. Round your final answer to the nearest whole dollar. Dollar value LIFO ending inventory. 2020 5 Dollar value LIFO ending inventary, 2021s Dollar value LIFO ending inventory. 2022s

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