PART A: Dollar-Value LIFO Richardson Company cans a variety of vegetables and soups. On December 31, 2011, the company decided to adopt dollar-value LIFO for valuing its inventories. Using the following information, compute the value of ending inventory for Richardson Company for the years 2011 to 2016. Date Price Index Ending Inventory (End-of Year Prices) $80,000 12/31/2011 1.00 1.05 $111,300 $108,000 1.20 12/31/2012 12/31/2013 12/31/2014 12/31/2015 $128,700 $147,000 $174,000 1.30 1.40 12/31/2016 1.50