Intermediate Accounting I Fall 2020 Handout Problem #9 (for Chapter 8) Your company began using Dollar Value LIFO on January 1, 2019 without using the published inflationary indices and completed the following chronological inventory transactions during 2019, 2020, and 2021: 2019 Beginning Inventory Purchased Sold Purchased Sold Purchased Ending Inventory Product A 400 units X $8.00 100 units X $8.25 130 units 500 units X $8.40 520 unit 60 units X $8.75 410 units Product B 80 units X $7.00 30 units X $7.10 60 units 90 units X $7.30 75 units 20 units X $7.50 85 units 2020 Beginning Inventory Purchased Sold Purchased Sold Ending Inventory 410 units 200 units X $9.00 186 units 340 units X $9.20 330 units 434 units 85 units 62 units X $7.60 82 units 95 units X $7.70 78 units 82 units 2021 Beginning Inventory Purchased Sold Purchased Sold Ending Inventory 434 units 300 units X $9.30 290 units 450 units X $9.80 458 units 436 units 82 units 55 units X $7.80 60 units 40 units X $8.00 36 units 81 units INSTRUCTIONS: Calculate the value of Ending Inventory which would appear on the balance sheet for EACH year (2019, 2020, and 2021) using Dollar Value LIFO and round the inflation index to three decimals: For Product A by itself b. For Product B by itself For Product A and B treated as one inventory pool a. C