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Pharoah Company manufactures one product. On December 31, 2019, Pharoah adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO

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Pharoah Company manufactures one product. On December 31, 2019, Pharoah adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $1,050,000. Inventory data are as follows: Year 2020 2021 2022 Inventory at year-end prices $1,285,200 1,817,000 1,955,000 Price index (base year 2019) 1.05 1.15 1.25 Compute the inventory at December 31, 2020, 2021, and 2022, using the dollar-value LIFO method for each year. Inventory at December 31, 2020 Inventory at December 31, 2021 Inventory at December 31, 2022

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