Please help me out at your earliest convenience to understand practice question and add your calculations too.

CPA Practice Question

Gott Company adopted the dollar-value LIFO inventory method on 12/31/16. On this date, its inventory consisted of the following items.

Item		Number of Units			Cost Per Unit			Total Cost
X		300			$2.50			$750
Y		900			4.50			4,050
								$4,800

Additional information:

				December 31
				2017		2018
1.		Units of X in inventory		450		600
2.		Cost of each X unit		$3.00		$3.25
3.		Units of Y in inventory		1,200		1,800
4.		Cost of each Y unit		$5.50		$6.00

Compute the price index for 2017. (Round answer to 2 decimal places, e.g. 52.75.)

Price index for 2017		$

Calculate the 12/31/17 inventory.

Inventory		$

Compute the price index for 2018. (Round answer to 2 decimal places, e.g. 52.75.)

Price index for 2018		$

Calculate the 12/31/18 inventory. (Round answer to 0 decimal places, e.g. 5,275.)

Inventory		$

Please help me out at your earliest convenience to understand practice question and add your calculations too. CPA Practice Question Gott Company adopted the dollar-value LIFO inventory method on 12/31/16. On this date, its inventory consisted of the following items. tem Number of Units Cost per Unit Total Cost $2.50 $750 300 900 4.50 4,050 $4,800 Additional information: December 31 2017 2018 1. Units of X in inventory 450 600 2. Cost of each X unit $3.00 $3.25 3, Units of Yin inventory 1,200 1,800 4. Cost of each Y unit $5.50 $6.00 compute the price index for 2017. (Round answer to 2 decimal places, e.g. 52.75.) price index for 2017 Calculate the 12/31/17 inventory. Inventory Compute the price index for 2018. (Round answer to 2 decimal places, e.g. 52.75.) price index for 2018 Calculate the 18 inventory. (Round answer to o decimal places, e.g. 5,275.) Inventory