Question: Wingers uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Compute the value of the 2008 and 2009

Wingers uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Compute the value of the 2008 and 2009 inventories using the dollar value LIFOmethod.

Year Ended December 31 2007 2008 2009 Inventory at Current-year Cost $19,750 21,708 25,935 Price Index 100 108 114

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