Problem 1 Evie Inc. uses Dollar Value LIFO for inventory purposes. On 12/31/2016 Evie had inventory of $180,000 using that method in the base year of 2016. The following four years of inventory data were as follows: YEAR Inventory at Year End Prices Price Index 2017 $252,000 1.05 2018 $330,000 1.10 2019 $402.500 1.15 2020 $240,000 1.20 Compute the inventory for the years 2016, 2017, 2018, 2019, and 2020 using the dollar value LIFO method