QUESTION 45 3 points Save Answer Problem #3 Dollar-value LIFO method for questions 15 through 20. (5 Points Each) In Year One, Klutie Krunch Company of Miami has a beginning inventory of $350,000 and an ending Inventory of $450,000. The price level increased from 100 at the beginning to 120 at the end of year one. At the end of year two, Klutie's ending Inventory is $550,000 in terms of a price level of 125. Calculate the inventory at the end of each year using the dollar-value LIFO method. Computing Ending Inventory at Base Year Prices Inventory at Price Inventory at Change in Current Index Base Yr Base Beginning 350,000 1.00 350,000 0 Year One 450,000 1.20 (a) Year Two 550,000 1.25 (b) Ending Inventory for Year One Layers at Base-Year Price Index Dollar-Value LIFO 350,000 1.00 350,000 (c) Total Year One (d) What is the change in base year inventory (a) for year 1? (No "$" or ".") QUESTION 46 3 points Save Ans What is the change in base year inventory (b) for year 2? (No "$" or ";") QUESTION 47 3 points Save Answe Ending Inventory for Year Two Layers at Base-Year Price Index Dollar-Value LIFO Price 350,000 1.00 350,000 (e) Total (0) What is the change in inventory value (e) as a result of the new Dollar- Value Lifo layer for year 2? (No "S" or Save Answer QUESTION 48 3 points What is the reported year 2 total inventory (f) using Dollar-Value Lifo? (No "s" or ".")