Intella Inc. adopted the dollar-value retail LIFO method on January 1, 2018. The following data apply to the 4 subsequent years:

In addition, the following price indexes are available:

January 1, 2018	100	December 31, 2020	120
December 31, 2018	105	December 31, 2021	125
December 31, 2019	110

Required:

• Compute the inventory at the end of each of the 4 years. Round the cost-to-retail ratio to 3 decimal places.

Cost Cost Retail 2018 $40,000 85,500 $117,600 Inventory, January 1 Purchases Sales Purchases Sales Retail $ 80,000 190,000 200,000 230,000 210,000 2020 Purchases Sales 2021 Purchases Sales $280,000 260,000 320,000 300,000 147,200 2019 92,000 Cost Cost Retail 2018 $40,000 85,500 $117,600 Inventory, January 1 Purchases Sales Purchases Sales Retail $ 80,000 190,000 200,000 230,000 210,000 2020 Purchases Sales 2021 Purchases Sales $280,000 260,000 320,000 300,000 147,200 2019 92,000