Hello, I got this answer from a friend, but I do not understand how he got this answer. An explanation for this question would be great. Thanks in advance.

Your answer is correct. The following information relates to the Daniel Jackson Company. Date December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 Ending Inventory (End-of-Year Prices) $ 65,700 108,824 117,585 131,216 123,105 Price Index 100 122 135 139 145 Use the dollar-value LIFO method to compute the ending inventory for Jackson Company for 2016 through 2020. 2016 Ending Inventory 65700 2017 94370 91808 101955 2020 89124 Click if you would like to Show Work for this question: Open Show Work