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instructions in photos begin{tabular}{|c|c|c|} hline Date & Inventory at Year-End Prices & Relevant Price Index hline December 31,2018 & $326,100 & 100 hline

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\begin{tabular}{|c|c|c|} \hline Date & Inventory at Year-End Prices & Relevant Price Index \\ \hline December 31,2018 & $326,100 & 100 \\ \hline December 31,2019 & $497,600 & 106 \\ \hline December 31,2020 & $405,800 & 115 \\ \hline December 31,2021 & $578,300 & 126 \\ \hline December 31,2022 & $601,700 & 137 \\ \hline December 31,2023 & $714,900 & 151 \\ \hline \end{tabular} Compute Elise's inventory for the balance sheet, based upon the dollar-value LIFO cost method, as of each December 31, 2019 through 2023 (5 years total). Prepare the FIFO-to-LFO conversion entry Elise must make at December 31, 2019. Assume the company made a reversing entry dated January 1,2019 to reverse the effects of the December 31, 2018 FIFO-to-LIFO conversion entry. Prepare the FIFO-in-LIFO conversion entry Elise must make at December 31, 2020. Assume the company made a reversing entry dated January 1,2020 to reverse the effects of the December 31,2019 FIFO-to-LIFO conversion entry. Prepare the FIFO-to-LIFO conversion entry Elise must make at December 31, 2021. Assume the company made a reversing entry dated January 1,2021 to reverse the effects of the December 31,2020 FIFO-to-LIFO conversion entry

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