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Calculate the total Ending Inventory value for 2016, 2017, 2018 and 2019 using dollar-value LIFO. (Show all calculations and the ending inventory amount for each

Calculate the total Ending Inventory value for 2016, 2017, 2018 and 2019 using dollar-value LIFO. (Show all calculations and the ending inventory amount for each of the years)

Year Current year inventory Index

2016 $50,000 1.00

2017 $72,000 1.20

2018 $117,000 1.30

2019 $119,000 1.40

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