Dollar-value LIFO.

Aber Company manufactures one product. On December 31, 2019, Aber adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $900,000. Inventory data are as follows:

Inventory at Price index

Year year-end prices (base year 2019)

2019 $900,000 1.00

2020 $1,260,000 1.05

2021 $1,840,000 1.15

2022 $1,900,000 1.25

Instructions

Compute the inventory at December 31, 2019, 2020, 2021, and 2022, using the dollar-value LIFO method for each year.