Ending Inventory Year- End Year Year 5 at December 31 Index* $27,200 1.10 Year 6 Year 7 32,000 1.22 28,800 1.15 *Computed as: Current (year-end) price index Base-year price index Required Compute the ending inventory on a dollar-value LIFO basis for Year 5 Year 6, and Year 7. Note: Round your final answers to the nearest whole dollar. Ending Inventory Ending Price Inventory Inventory Price Ending Inventory (End of year Date Year 4 prices) Index (Base year prices) Layers Index $24,000 1.00 $24,000 $24,000 1.00 (Dollar Value LIFO) $24,000 Year 5 0 0 0 0 1.00 0 0 1.10 0 $ 0 Year 6 0 0 0 0 1.00 0 0 1.10 0 122