Bestway Co. manufactures a single product. On December 31, 2017, Bestway adopted the dollar value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $55,000. (i.e. 2017 is used as the base year in determining price index) Inventory data are as follows: Inventory at respective year-end Year cost prices Price index at year end 2017 $55,000 100 2018 73,500 105 2019 74,800 110 2020 87,580 116 Instructions: Compute the inventory at December 31, 2018, 2019 and 2020 using the dollar-value LIFO method