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Dollar-Value LIFO Retail Intella Inc. adopted the dollar-value retail LIFO method on January 1, 2015. The following data apply to the 4 subsequent years: Cost

Dollar-Value LIFO Retail

Intella Inc. adopted the dollar-value retail LIFO method on January 1, 2015. The following data apply to the 4 subsequent years:

Cost Retail Cost Retail
2015 Inventory, January 1 $40,000 $ 80,000 2017 Purchases $117,600 $280,000
Purchases 85,500 190,000 Sales 260,000
Sales 200,000 2018 Purchases 147,200 320,000
2016 Purchases 92,000 230,000 Sales 300,000
Sales 210,000

In addition, the following price indexes are available:

January 1, 2015 100 December 31, 2017 120
December 31, 2015 105 December 31, 2018 125
December 31, 2016 110

Required:

Compute the inventory at the end of each of the 4 years. Round the cost-to-retail ratio to 3 decimal places and the final answers to the nearest dollar.

can you help with computing

Ending inventory $ $ $

$

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