Computing Ending Inventory using Dollar-Value LIFO On January 1 of Year 5, Benn Company changed from FIFO to LIFO for income tax and external reporting purposes. At that date, the beginning FIFO inventory (the base inventory was $252,000. The following information is available from Benn's records for Year 5 through Year 8 Year Ending Inventory on a FIFO Basis Price Index Year 5 Year 6 Year 7 Year $207,000 13 313.2001 12 362,700 13 360.000 12 Required Compute the ending inventory on a dollar value LIFO basis for Year 5 Year 6 Year 7, and Year 8. Note: Do not round until your final answer. Round your final answer to the nearest whole dollar Dullar value LIFO ending inventory. Year 5 Dullar value Lifo ending viventory, Year & Dollar value UFO ending inventory Year 7 Dollar value UFO ending inventory Year S 204000 0 0 Check Previous Save Answers Fini