P8.10 (LO 4) (Internal Indexes-Dollar-Value LIFO) Presented below is information related to Kaisson Corporation for the last 3 years. Base-Year Cost Current-Year Cost Quantities in Ending Item Inventories December 31, 2019 Unit Cost Unit Cost Amount Amount $2.00 $18,000 $2.20 $19,800 9,000 18,000 6,000 3.00 3.55 21,300 21,600 4.000 5.00 20,000 5.40 Totals $56,000 $62,700 December 31, 2020 $2.60 A $2.00 $18,000 $23,400 9,000 6,800 25.500 3.00 20,400 3-75 C 6,000 6.40 38,400 5.00 30,000 Totals $68,400 $87.300 Totals $56,000 $62,700 December 31, 2020 $2.60 $2.00 $18,000 $23,400 9,000 6,800 25,500 3.00 20,400 3-75 38,400 6,000 6.40 5.00 30,000 Totals $68,400 $87.300 December 31, 2021 8,000 $2.00 $16,000 $2.70 $21,600 8,000 3.00 24,000 4.00 32,000 C 6,000 6.20 30,000 5.00 37,200 Totals $70,000 $90,800 Instructions Compute the ending inventories under the dollar-value LIFO method for 2019, 2020, and 2021. The base period is January 1, 2019, and the beginning inventory cost at that date was $45,000. Compute indexes to two decimal places. P8.10 (LO 4) (Internal Indexes-Dollar-Value LIFO) Presented below is information related to Kaisson Corporation for the last 3 years. Base-Year Cost Current-Year Cost Quantities in Ending Item Inventories December 31, 2019 Unit Cost Unit Cost Amount Amount $2.00 $18,000 $2.20 $19,800 9,000 18,000 6,000 3.00 3.55 21,300 21,600 4.000 5.00 20,000 5.40 Totals $56,000 $62,700 December 31, 2020 $2.60 A $2.00 $18,000 $23,400 9,000 6,800 25.500 3.00 20,400 3-75 C 6,000 6.40 38,400 5.00 30,000 Totals $68,400 $87.300 Totals $56,000 $62,700 December 31, 2020 $2.60 $2.00 $18,000 $23,400 9,000 6,800 25,500 3.00 20,400 3-75 38,400 6,000 6.40 5.00 30,000 Totals $68,400 $87.300 December 31, 2021 8,000 $2.00 $16,000 $2.70 $21,600 8,000 3.00 24,000 4.00 32,000 C 6,000 6.20 30,000 5.00 37,200 Totals $70,000 $90,800 Instructions Compute the ending inventories under the dollar-value LIFO method for 2019, 2020, and 2021. The base period is January 1, 2019, and the beginning inventory cost at that date was $45,000. Compute indexes to two decimal places