Question: Swifty, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Year Ended December 31 Inventory at Current-Year

Swifty, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow.

Year Ended December 31 Inventory at Current-Year Cost Price Index

2019 $19,800 100

2020 21,935 107

2021 25,538 113

Compute the value of the 2020 and 2021 inventories using the dollar-value LIFO method.

2020 2021

Inventory under LIFO $enter a dollar amount $enter a dollar amount

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