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.

	2015	2016	2017	2018
Ending inventory	$	$	$	$

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