N Company manufactures one product. On December 31, 2019, N adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $900,000. Inventory data are as follows:

Year	Inventory at Year-End Prices	Price Index (Base year 2019)
2020	$1,260,000	1.05
2021	1,840,000	1.15
2022	1,900,000	1.25

Instructions Compute the amounts of each of the following (show computations): A. Compute the inventory at December 31, 2020, 2021, and 2022, using the dollar-value LIFO method for each year.

B. Compute the ending balance of LIFO reserve for 2021. Provide the journal entry for LIFO reserve and Cost of Goods Sold in 2021.