Question: Please explain step by step. E8-22 (LO4) (Dollar-Value LIFO) Presented below is information related to Dino Radja Company Ending Inventory Price (End-of-Year Prices) Index Date

Please explain step by step. E8-22 (LO4) (Dollar-Value LIFO) Presented below

Please explain step by step.

E8-22 (LO4) (Dollar-Value LIFO) Presented below is information related to Dino Radja Company Ending Inventory Price (End-of-Year Prices) Index Date December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 $ 80,000 115,500 108,000 122,200 154,000 176,900 100 105 120 130 140 145 Instructions Compute the ending inventory for Dino Radja Company for 2014 through 2019 using the dollar-value LIFO method

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