1. Gates, Inc. uses the dollar-value LIFO method of computing its inventory. Inventory for the last three years is as shown below. Use this data to determine ending inventory for all three years using Dollar-Value LIFO. Be sure your answer is organized well and easy to read and follow Year Ended December 31 2015 2016 2018 2018 Current-Year Cost Price Index $60,000 1.00 $84,000 1.05 $87,000 1.16 $114,000 1.20