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Flounder Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2016. At that time the inventory had a cost of $56,000 and a

Flounder Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2016. At that time the inventory had a cost of $56,000 and a retail price of $100,000. The following information is available.

Year-End Inventory at Retail

Current Year CostRetail %

Year End Price Index

2016 $112,350 62% 105
2017 140,000 65% 112
2018 117,420 66% 114
2019 173,750 63% 125

The price index at January 1, 2016, is 100. Compute the ending inventory at December 31 of the years 20162019. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answers to 0 decimal places, e.g. 28,987.)

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