Question: Singer, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follows. Year Inventory at Current-Year Cost Price Index

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

Singer, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follows. Year Inventory at Current-Year Cost Price Index 2019 $19,750 100 2020 22,140 108 2021 25,935 114 Compute the value of the 2020 inventory using the dollar-value LIFO method. O $20,560 O $20,500 O $22,140 622221

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