Question: The ROK Company adopted the dollar - value LIFO method for inventory valuation at the beginning of 2 0 0 8 . The following information

The ROK Company adopted the dollar-value LIFO method for inventory valuation at the beginning of 2008. The following information about the inventory at the end of each year is available from the company records:
YEAR - END OF YEAR PRICES-INDEX
December 31,2007;$10,000;100
December 31,2008;$12,100;110
December 31,2009;$13,125;125
December 31,2010;$16,800;140
December 31,2011;$12,360;120
Use the dollar-value LIFO method to compute the ending inventory for ROK company for 2008 through 2011.
1. what is the inventory value on December 31,2008
Use commas, but do NOT use $ signs or cents.
2. what is the inventory value on december 31,2009
3. what is the inventory value on December 31,2010.
4. what is the inventory value on December 31,2011
 The ROK Company adopted the dollar-value LIFO method for inventory valuation

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