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Computing Ending Inventory Using Dollar-Value LIFO On January 1 of Year 5 , Bay inc, adopted dollar-value LIFO, and its inventory priced at current costs

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Computing Ending Inventory Using Dollar-Value LIFO On January 1 of Year 5 , Bay inc, adopted dollar-value LIFO, and its inventory priced at current costs was $30,000 at that time. The through Year 7. * Computed as: Current (year-end) price index + Base-year price index Required Compute the ending inventory on a dollar-value LIFO basis for Year 5 , Year 6 , and Year 7. - Note: Round your final answers to the nearest whole dollar

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