Dollar-Value LIFO

On January 1, 2018, Sato Company adopted the dollar-value LIFO method of inventory costing. Sato's ending inventory records appear as follows:

Year	Current Cost	Index
2018	$35,900	100
2019	49,920	120
2020	52,650	130
2021	64,540	140

Required:

Compute the ending inventory for the years 2018, 2019, 2020, and 2021, using the dollar-value LIFO method.

Year	Ending inventory
2018	35900
2019	42740
2020	68445
2021	90356

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