Compute the inventory amounts at December 31, 2017 and 2018, using the dollar-value LIFO inventory method. (Round answers to 0 decimal places, e.g. 5,620.)

2017 Inventory $_____________

2018 Inventory $______________

Problem 8-9 (Part Level Submission) On January 1, 2017, Skysong Wholesalers Inc. adopted the dollar-value LIFO inventory method for income tax and external financial reporting purposes. However, Skysong continued to use the FIFO inventory method for internal accounting and management purposes. In applying the LIFO method, Skysong uses internal conversion price indexes and the multiple pools approach under which substantially identical inventory items are grouped into LIFO inventory pools. The following data were available for inventory pool no. 1, which comprises products A and B, for the 2 years following the adoption of LIFO FIFO Basis per Records Unit Units Cost Total Cost Inventory, 1/1/17 Product A 13,300 $67 $891,100 688,800 $1,579,900 Product B 12,300 56 Inventory, 12/31/17 Product A 20,300 80$1,624,000 713,400 $2,337,400 Product B 12,300 58 Inventory, 12/31/18 Product A 16,300 89 $1,450,700 944,300 $2,395,000 Product B 13,300 71