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 25,935 2021 114 Compute the value of the 2021 inventory using the dollar-value LIFO method. $25,935 O $22,750 O $23,125 O $23,170

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