QUESTION 1 V LIFO: Green Company uses FIFO in its internal inventory accounts. At year end, it converts the FIFO results to DV LIFO. The company adopted LIFO on December 31, 2021 with a base inventory of $107,000. The following table summarizes data available through December 31, 2024. Inventory at year end cost Cost Index 2022 ending inventory $116,600 1.06 2023 ending inventory $128,800 1.12 2024 ending inventory $129,950 1.15 a. What amount would Green report as the value of inventory under DV LIFO on its 2022 balance sheet? b. What is the effect of the conversion to DV LIFO on 2022 COGS? Indicate below if COGS increases, decreases, or does not change as a result of the conversion from FIFO to DV LIFO and then indicate the dollar amount (if any). c. What amount would Green report as the value of inventory under DV LIFO on its 2023 balance sheet? d. what amount would Green report as the value of inventory under DV LIFO on its 2024 balance sheet? T TT T Paragraph v Arial 3 (12pt) V E fx Mashups 66 HTML CSS