Dollar Value LIFO Method (Piano Concerto No. 2) (26 points) Rachmaninoff Inc. uses the Dollar Value LIFO method to calculate ending inventory costs for their balance sheet. Using this method, determine the ending balance of inventory for 2020 to 2023. Inventory Balance in Cost Index to get Back to Year of Count Base Year Dollars 1/1/2020 $500,000 12/31/20201 $680.000 1.06 12/31/2021 $750,000 1.10 12/31/20221 $770,000 1.16 12/31/2023 $850,000 1 1 .09 Dollar Value LIFO Method (Piano Concerto No. 2) (26 points) Rachmaninoff Inc. uses the Dollar Value LIFO method to calculate ending inventory costs for their balance sheet. Using this method, determine the ending balance of inventory for 2020 to 2023. Inventory Balance in Cost Index to get Back to Year of Count Base Year Dollars 1/1/2020 $500,000 12/31/20201 $680.000 1.06 12/31/2021 $750,000 1.10 12/31/20221 $770,000 1.16 12/31/2023 $850,000 1 1 .09