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Dollar-Value LIFO Retail

Intella Inc. adopted the dollar-value retail LIFO method on January 1, 2018. The following data apply to the 4 subsequent years:

		Cost	Retail				Cost	Retail
2018	Inventory, January 1	$40,000	$ 80,000		2020	Purchases	$117,600	$280,000
	Purchases	85,500	190,000			Sales		260,000
	Sales		200,000		2021	Purchases	147,200	320,000
2019	Purchases	92,000	230,000			Sales		300,000
	Sales		210,000

In addition, the following price indexes are available:

January 1, 2018	100		December 31, 2020	120
December 31, 2018	105		December 31, 2021	125
December 31, 2019	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.