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Dollar Value LIFO (20 points) Nyhavn Inc. have the following inventory balances and price indices for the past few years: Price Index Date 1 Inventory

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Dollar Value LIFO (20 points) Nyhavn Inc. have the following inventory balances and price indices for the past few years: Price Index Date 1 Inventory Balance $680,000 $780,000 $845,000 $815,000 $750,000 1/1/2016 12/31/2016 12/31/2017 12/31/2018 12/31/2019 1.05 1.08 1.11 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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