Cullumber Company has a beginning inventory in year one of $$1,500,000$ and an ending inventory of $$1,793,000.$ The price level

has increased from $100$ at the beginning of the year to $110$ at the end of year one. Calculate the ending inventory under the

dollar$-$value LIFO method.

Ending inventory $

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Attempts: $1$ of $1$ used

$($b$)$

At the end of year two, Cullumber's inventory is $$2,001,000$ in terms of a price level of $115$ which exists at the end of year two.

Calculate the inventory at the end of year two continuing the use of the dollar$-$value LIFO method.