20. Diane makes one product. Diana adopted the dollar-value LIFO inventory method on 12-31-15. Her ending inventory at 12-31-15 was $35,000. Additional inventory data follows:

Inventory at Price index Cost of goods manufactured

Year year-end prices (base year 2012) during the year

2016 $36,432 1.012 $172,000

2017 $34,371 1.026 $195,000

2018 $38,110 1.030 $208,000

Compute the inventory at December 31, 2016, 2017 and 2018 AND the cost of goods sold for each year assuming Diane uses the dollar-value LIFO method for each year.