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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

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 $37,100 100
2019 52,500 120
2020 54,860 130
2021 65,800 140

Required:

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

Year Ending inventory
2018 $fill in the blank 1
2019 $fill in the blank 2
2020 $fill in the blank 3
2021 $fill in the blank 4

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