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I need help with b.) ending inventory using dollar value LIFO. On January 1, 2018, Displays Incorporated has the following account balances Credit Debit 26,000

I need help with b.) ending inventory using dollar value LIFO.

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On January 1, 2018, Displays Incorporated has the following account balances Credit Debit 26,000 23,800 29,000 66,000 Accounts Cash Accounts Receivable Supplies Inventory Land Accounts Payable Notes Payable (7%, due next year) Common Stock Retained Earnings 231,000 $ 26,0ee 24,000 190,000 135,008e $ 375,00 375,000 Totals From January 1 to December 31, the following summary transactions occur: a. Purchased inventory on account for $334,000 b. Sold inventory on account for $590,000. The cost of the inventory sold was $314,000 c. Received $556,000 from customers on accounts receivable d. Paid freight on inventory received, $28,000 e. Paid $324,000 to inventory suppliers on accounts payable of $333,000. The difference reflects purchase discounts of $9,000 f. Paid rent for the current year, $46,000 g. Paid salaries for the current year, $154,000 Year-end adjusting entries a. Supplies on hand at the end of the year are $7,000 b. Accrued interest expense on notes payable for the year CAccrued income taxes at the end of Januar e $22,000

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