HELP WITH PART B

On Jan. 1, 2020, Omni-Night Company adopted Dollar Value LIFO. Below is the company's Dollar Value LIFO chart for ending inventory as of Dec. 31, 2020. Layer 1/1/2020 12/31/2020 Total Inventory at Base Costs 80,000 50,000 130,000 Price Index 1.0 1.05 DV LIFO Inventory Value 80,000 52,500 132,500 On Dec. 31, 2021, Omni-Night had ending inventory at current (FIFO) costs of $165,000 and a price index for 2021 of 1.10. Answer the following two questions.

On Jan. 1,2020, Omni-Night Company adopted Dollar Value LIFO. Below is the company's Dollar Value LIFO chart for ending inventory as of Dec. 31, 2020. On Dec. 31, 2021, Omni-Night had ending inventory at current (FIFO) costs of $165,000 and a price index for 2021 of 1.10. Answer the following two questions