Question: Computing Ending Inventory using Dollar-Value LIFO On January 1, 2020, Bay Inc. adopted dollar-value LIFO, and its inventory priced at current costs was $30,000. The

Computing Ending Inventory using Dollar-Value LIFO 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 December 31 2020 $34.000 2021 40.000 2022 36.000 Year-End Conversion Factor 1.10 1.22 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 UFO ending inwentary, 2020 $ 0 Dollar value LIFO ending inventory,2021 $ 0 Dollar-value LIFO ending inventory. 2022 $ 0

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