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Dent Company manufactures one product. On December 31, 2011, Dent adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO

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Dent Company manufactures one product. On December 31, 2011, Dent adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $1 Inventory data for the following years are as follows: Year 2012 2013 2014 Inventory at year-end prices $210,000 195,500 275,000 Price index (base year 2011) 1.05 1.15 1.25 Instructions Compute the inventory amounts that should appear on Dent's Balance Sheets at December 31.2011. 2012 and 2014 using the dollar-value LIFO method for each year. Show all of your work for partial credit

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