Question: Nash, 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

Nash, 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

 $20,100 100

2020

 22,048 106

2021

 25,648 112

Compute the value of the 2020 and 2021 inventories using the dollar-value LIFO method.

2020

2021

Inventory under LIFO

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