Problem 4 Frederick Company adopted the dollar-value LIFO method on January 1, 2017 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO. At Base- At Current- Price Inventory Year Cost Year Cost Index 1/1/17 $110,000 $110,000 100 12/31/17 132,000 138,600 105 12/31/18 140,800 157,696 112 1 CAPELLA UNIVERSITY Assessment 3 Inventory Issues Problem Sheet Using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2018? Problem 4 Computation of price indexes: 12/31/17 12/31/18 Dollar-value LIFO inventory 12/31/17: Dollar-value LIFO inventory N CAPELLA UNIVERSITY Assessment 3 Template Dollar-value LIFO inventory 12/31/18: Dollar-value LIFO inventory