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Brief Exercise 8-9 Your answer is partially correct. Try again. Bonita, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past

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Brief Exercise 8-9 Your answer is partially correct. Try again. Bonita, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow. Price Index Year Ended December 31 2016 2017 2018 Inventory at Current-Year Cost $19,800 100 21,836 106 26,105 115 Compute the value of the 2017 and 2018 inventories using the dollar-value LIFO method. 2017 2018 Inventory under LIFO 20,648 23,008

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