Hi I need help with requirements a and b. For req. a i would appreciate it if you put your answer in the same format as shown in the problem thanks!

TRS Teleconcepts, Inc. manufactures and distributes three models of handheld devices: the Flame, the Globe, and the HD3. TRS uses the dollar-value LIFO method. Information for 2022, 2023, and 2024 is presented in the following table. (Click the icon to view the data.) The cumulative price indices for 2022 2023, and 2024, respectively are 1.00, 1.040, and 1.0867. Read the requirements. Requirement a. Compute the company's ending inventory using dollar-value LIFO for each year. Treat the three models as one group. Round to the nearest dollar. (Use price index amounts to four decimal places as given in the information, X.XXXX. Round all intermediary currency calculations and the amounts you enter into the cells below to the nearest whole dollar. Use a parentheses or minus sign when entering a layer liquidation amount.) Year 2022 2023 2024 2022 layer Requirements 2023 layer 2024 layer liquidation - 2023 layer 2024 layer liquidation - 2022 layer a. Compute the company's ending inventory using dollar-value LIFO for each year. Treat the three models as one group. Round to the nearest dollar. b. Prepare the journal entry required to adjust the LIFO reserve for each year. Ending Inventory under dollar-value LIFO X Data table Print Done Description Base Year: 2022 2023 2024 Total FIFO Total FIFO Total FIFO Inventory Units Cost Units Cost 664,000 Flame 10.000 $ 500,000 8,000 $ Units 3,000 S 4,000 8,000 Cost 435,000 375,000 190,000 Globe 9,000 602,000 9,000 600,000 430,000 HD3 6,000 825,000 6,000 Clear all Check answer TRS Teleconcepts, Inc. manufactures and distributes three models of handheld devices: the Flame, the Globe, and the HD3. TRS uses the dollar-value LIFO method. Information for 2022, 2023, and 2024 is presented in the following table. (Click the icon to view the data.) The cumulative price indices for 2022 2023, and 2024, respectively are 1.00, 1.040, and 1.0867. Read the requirements. Requirement a. Compute the company's ending inventory using dollar-value LIFO for each year. Treat the three models as one group. Round to the nearest dollar. (Use price index amounts to four decimal places as given in the information, X.XXXX. Round all intermediary currency calculations and the amounts you enter into the cells below to the nearest whole dollar. Use a parentheses or minus sign when entering a layer liquidation amount.) Year 2022 2023 2024 2022 layer Requirements 2023 layer 2024 layer liquidation - 2023 layer 2024 layer liquidation - 2022 layer a. Compute the company's ending inventory using dollar-value LIFO for each year. Treat the three models as one group. Round to the nearest dollar. b. Prepare the journal entry required to adjust the LIFO reserve for each year. Ending Inventory under dollar-value LIFO X Data table Print Done Description Base Year: 2022 2023 2024 Total FIFO Total FIFO Total FIFO Inventory Units Cost Units Cost 664,000 Flame 10.000 $ 500,000 8,000 $ Units 3,000 S 4,000 8,000 Cost 435,000 375,000 190,000 Globe 9,000 602,000 9,000 600,000 430,000 HD3 6,000 825,000 6,000 Clear all Check