Part A:

Part B:

On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $101,400. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below: Year-end 2021 2022 2023 Ending inventory at year-end costs $130,410 149, 160 159,480 Cost Index 1.05 1.10 1.20 What inventory balance would Badger report on its 12/31/2023 balance sheet? Multiple Choice $132,900. $134.910. $159,480. None of these answer choices are correct. On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $101,900. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below: Year-end 2021 2022 2023 Ending inventory at year-end costs $131,985 151,360 161,580 Cost Index 1.05 1.10 1.20 In determining the inventory balance for Badger to report in its 12/31/2022 balance sheet: Multiple Choice An additional layer of $13,090 is added to the 12/31/2021 balance. An additional layer of $25,090 is added to the 12/31/2021 balance. An additional layer of $24,090 is added to the 12/31/2021 balance. None of these answer choices are correct