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Problem 161 Aber Company manufactures one product. On December 31, 2016, Aber adopted the dollar-value LIFO inventory method. The inventory on that date using the

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Problem 161 Aber Company manufactures one product. On December 31, 2016, Aber adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $900,000. Inventory data are as follows Price index (base year Year vear-end prices 2017 2018 2019 2016) 1.05 1.15 1.25 1,900,000 Compute the inventory at Decermber 31, 2017, 2018, and 2019, using the dollar-value LIFO method for each year. Inventory at December 31, 2017 Inventory at December 31, 2018 Inventory at December 31, 2019

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