Problem IV: (4.5 pts) Woodberry Corp. uses the dollar-value LIFO (DVL) inventory costing method. It has the following normal account balances at 12/31/20 before the year-end adjustment to convert the cost of its inventory to LIFO using the DVL method: Inventory (at FIFO costs) LIFO reserve S 200,000 dr 25,000 cr At the end of 2020, Woodberry computes the cost of its ending inventory using the DVL method to be $160,000 Required: In the journal below, prepare the year-end entry to adjust the inventory account to its cost using the dollar-value-LIFO method. Debit Credit 12/31/20 Accounting Check Set up the t-accounts for the initial account balances at 12/31/20 (before the adjustment). Post your entry. Does the difference between the Inventory and LIFO Reserve account balances equal the cost of inventory using the DVL method? If it does not check your calculations and/or entry. Problem V: (6 pts) Linton Corp. adopted the dollar-value LIFO (DVL) method on December 31, 2018 (base year) Information regarding inventory for 2018 - 2020 is as follows: Date Ending Inventory at Current Prices (FIFO) Price Index 12/31/18 $ 580,000 100% or 1.0 12/31/19 715,000 110% or 1.10 12/31/20 739,200 112% or 1.12 Question: I be the cost of inventory at 12/31/20 using the DVL met d? und all calculations to the nearest whole dollar. Reminder: show clear calculations to receive partial credit. Space for calculations: (add space or paper if necessary) Answer: $