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22. Information about New Pace Company's inventory at year-end prices is presented below: Date a. Compute the ending inventory for 2019 - 2021 using the

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22. Information about New Pace Company's inventory at year-end prices is presented below: Date a. Compute the ending inventory for 2019 - 2021 using the dollar-value LIFO 12/31/2019 12/31/2020 12/31/2021 Ending Inventory b. Prepare the journal entries to record the LIFO reserve for 2019 - 2021. method. $160,000 231,000 216,000 Price Index 1.00 1.05 1.20

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