Problem 8-11 a Novak Company cans a variety of vegetable-type soups. Recently, the company decided to value its inventories using dollar-value LIFO pools. The clerk who accounts for Inventories does not understand how to value the inventory pools using this new method, so, as a private consultant, you have been asked to teach him how this new method works He has provided you with the following information about purchases made over a 6-year period. Date Dec 31, 2016 Dec 31, 2017 Dec 31, 2018 Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Ending Inventory (End-of-Year Prices) $83,600 146,458 141,600 167,401 189,175 223,535 Price Index 100 131 150 163 175 181 You have already explained to him how this inventory method is maintained, but he would feel better about it if you were to leave him detailed instructions explaining how these calculations are done and why he needs to put all inventories at a base-year value. Compute the ending inventory for Novak Company for 2016 through 2021 using dollar-value LIPO Ending Inventory 2016 $ 2017 2018 2019