URGENT PLEASE HELP, WILL THUMBS UP

Computing Ending Inventory Using Dollar-Value LiFO

On January 1 of Year 5, Bay Inc. adopted dollar-value LIFO, and its inventory priced at current costs was $36,000 at that time. The following information is available on its inventories for Year 5 through

Year

Year 5

Year 6

Year 7

Ending Inventory at December 31

$40,800

48,000

43,200

Year-End Index*

1.10

1.22

1.15

*Computed as: Current (year-end) price index + Base-year price index

Required

Compute the ending inventory on a dollar-value LIFO basis for Year 5, Year 6, and Year 7.

Note: Round your final answers to the nearest whole dollar.

Ending Inventory Date (End of year prices)

Price Index

Ending Inventory (Base year prices)

Inventory Price Layers

Index

Computing Ending Inventory Using Dollar-Value UFo On January 1 of Year 5, Bay inc, adopted dollar-value LIFO, and its inventory priced at current costs was 536,000 at that time. The following informatipn is avalable on its inventories for Year 5 through. Year 7. *Computed as: Current (year-end) price index + Base-year price index Required Compute the ending inventory on a dollar-value LiFO basis for Vear 5 , Year 6 , and Year 7. -Note: Round your final answers to the nearest whole dollar