a instructure-uploads.s3.amazonaws.com Landon Company values its inventories using dollar-value LIFO pools. The clerk who accounts for inventories does not understand how to value the inventory pools using this new method, so, as a private consultant, you have been asked to teach him how this new method works. He has provided you with the following information about purchases made over a 6-year period. Ending Inventory Date Dee. 31, 2013 Dee. 31, 2014 Dee. 31, 2015 Dec. 31, 2016 Dee. 3, 2017 Dee. 31, 2018 (End-of-Year Prices) $227,000 242600 274,000 281,000 324,000 312,500 Price Index 100 104 110 120 125 You have already explained to him how this inventory method is maintained, but he would feel better about it if you were to leave him detailed instructions explaining how these calculations are done and why he needs to put all inventories at a base-year value. Instructions Compute the ending inventory for Landon Company for 2013 through 2018 using dollar-value LIFO Explain to the clerk why the Dollar Value LIFO inventory method is necessary (a) (b)