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Problem 5 (24 points) Legend Company manufactures one product. On December 31, 2021, Legend adopted the dollar-value LIFO inventory method. Inventory data are as

Problem 5 (24 points) Legend Company manufactures one product. On December 31, 2021, Legend adopted the dollar-value LIFO inventory method. Inventory data are as follows: Year 2021 2022 2023 2024 2025 Inventory at Price index year-end prices (base year) Base Year $ Change from Prior Year 140,000 1.00 168,000 1.04 154,000 1.09 200,000 1.15 225,000 1.18 Compute the inventory at December 31, 2022, 2023, 2024, and 2025 using the dollar-value LIFO method for each year. Clearly show your work and place your final answers below!! 2022: 2021: 2022: 2023: 2024: 2025: 2023: 2024: 2025: 6

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