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Dollar Value LIFO (20 points) Nyhavn Inc. have the following inventory balances and price indices for the past few years: Inventory Price Date Balance Index

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Dollar Value LIFO (20 points) Nyhavn Inc. have the following inventory balances and price indices for the past few years: Inventory Price Date Balance Index 1/1/2016 $680,000 1 12/31/2016 $780,000 1.05 12/31/2017 $845,000 1.08 12/31/2018 $815,000 1.11 12/31/2019 $750,000 1.16 Using this information, determine the ending inventory balance using the Dollar Value LIFO method for each of the four years

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