Question: Metlock, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 Inventory at Current-Year

Metlock, Inc. uses the dollar-value LIFO method of computing its inventory.

Metlock, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 Inventory at Current-Year Cost Price Index 2019 100 2020 $17,900 19,530 24,360 105 2021 116 Compute the value of the 2020 and 2021 inventories using the dollar-value LIFO method. 2020 2021 Inventory under LIFO $ $ 1

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