1. (6 points) Diane makes one product. Diana adopted the dollar-value LIFO inventory method on 12-31-12. Her ending inventory at 12-31-12 was $27,600. Additional inventory data follows:

Inventory at Price index Cost of goods manufactured

Year year-end prices (base year 2012) during the year

2013 $29,870 1.03 $150,000

2014 $31,200 1.04 $165,000

2015 $32,025 1.05 $168,000

2016 $31,270 1.06 $170,000

2017 $32,400 1.08 $173,000

2018 $33,354 1.09 $180,000

Compute the inventory at December 31, 2013, 2014, 2015, 2016, 2017 and 2018 AND the cost of goods sold for each year assuming Diane uses the dollar-value LIFO method for each year.