Problem 18-68 (LO. 6) Amber Company has used the dollar-value LIFO technique for the past three years. The company has only one inventory pool. Its beginning inventory for the current year was computed as follows: Base Period LIFO Index LIFO Layer Cost Base period inventory $1,200,000 1.00 $1,200,000 1.04 312,000 400,000 1.06 424,000 $1,936,000 Year one300,000 layer Year two layer $1,900,000 If required, round your answers to the nearest dollar a. Assume that the current-year ending inventory at current prices is $2,124,000, and the LIFO index is 1.06. The company's LIFO inventory as of the end of the current year is Feedback Check My Work Under dollar-value LIFO, each inventory item is assigned to a pool. A pool is a collection of similar items and is treated as a separate inventory. Determining whether items are similar involves considerable judgment. b. Assume that the current-year ending inventory at current prices is $1,8so,000, and the LIFO index is 1.06. The company's LIFO inventory as of the end of the current year is Feedback Check My Work Incorrect Feedback Check My Work Incorrect