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Question 19

Oriole Company manufactures one product. On December 31, 2019, Oriole adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $940,000. Inventory data are as follows:

Year		Inventory at year-end prices			Price index (base year 2019)
2020		$1,234,800			1.05
2021		1,840,000			1.15
2022		1,900,000			1.25

Compute the inventory at December 31, 2020, 2021, and 2022, using the dollar-value LIFO method for each year.

Inventory at December 31, 2020		$
Inventory at December 31, 2021		$
Inventory at December 31, 2022		$