Problem #5 (9 %) Dollar Value LIFO Archer Company manufactures one product. On December 31, 2013, Archer adopted the dollar- value LIFO inventory method. The inventory on that date using the dollar-value LIFO invent method was S450,000. Inventory data are as follows: ory Year 2014 2015 2016 Inventory at year-end prices S630,000 920,000 950,000 Price index (base year 2009) 1.05 1.15 1.25 Instructions Compute the inventory at December 31, 2014. 2015, and 2016 using the dollar-value LIFO method for each year, and note any years in which there was LIFO liquidation (circle or asterisk)