1)compute elises inv balance sheet,based upon dollar value LIFO cost method, dec 2019-2025

2) prepare FIFO-LIFO conversvion for 2019, assume company made a reversing entry dated jan 1,2019 to reverse effects of the dec 31,2018 FIFO-LIFO

3) prepare FIFO-LIFO conversvion for 2020, assume company made a reversing entry dated jan 1,2020 to reverse effects of the dec 31,2018 FIFO-LIFO

4) prepare FIFO-LIFO conversvion for 2021, assume company made a reversing entry dated jan 1,2019 to reverse effects of the dec 31,2021 FIFO-LIFO

Elise Co. sells snow skis and related items at several locations in the North Carolina mountains. Elise employs a perpetual inventory system to account for its inventory transactions. The company uses the FIFO cost flow method for day-to-day bookkeeping purposes, and it uses the dollar-value LIFO cost method for financial reporting purposes. Elise prepares financial statements just once a year, at its December 31 year-end. The following information is available for Elise's inventories over the last six years