Need some help with chapter 7 Intermediate Accounting! Will rate

Dollar-Value LIFO Olson's records: Olson Company adopted the dollar-value LIFO method for inventory valuation at the beginning of 2015. The following information about the inventory at the end of each year is available from Year Current Costs Index 2014 $50,000 100 2015 60,000 108 2016 70,000 115 2017 73,000 125 2018 78,000 135 Required: 1. Calculate the dollar-value LIFO inventory at the end of each year. Do not round your intermediate calculations. Round final answers to the nearest dollar. 2015 2016 2017 2018 Ending Inventory at LIFO $ $ $ 2. Prepare the appropriate disclosures for the 2018 annual report if Olson uses current cost internally and LIFO for financial reporting. Round final answers to the nearest dollar. 2018 2017 Inventory at current cost $ Less: LIFO reserve Inventory at LIFO Check My Work Previous