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

Novak, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Inventory at Year Ended Current-Year Price December 31 Cost Index 2019 $17,900 100 2020 19,902 107 2021 23,940 114 Compute the value of the 2020 and 2021 inventories using the dollar-value LIFO method. Inventory under LIFO 2020 CA $ 21533 2021 +A $ 22691

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