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(5 points) Kim Company adopted Dollar Value LIFO on 12/31/2018. Their inventory value that day was $11,798,000. On 12/31/2019, the company reported inventory worth $18,122,000
(5 points) Kim Company adopted Dollar Value LIFO on 12/31/2018. Their inventory value that day was $11,798,000. On 12/31/2019, the company reported inventory worth $18,122,000 at end of year prices and the price index was 128. On 12/31/2020, inventory value was $15,609,000 and the price index was 147, and on 12/31/2021, inventory was $28,845,000 with a price index of 154. What should the company report as ending inventory on 12/31/2021? (A 14) $23,111,081 $16,989,076 $28,845,000 O $18,730,519
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