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Sheridan Company manufactures one product. On December 31, 2019, Sheridan adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO

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Sheridan Company manufactures one product. On December 31, 2019, Sheridan adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO Inventory method was $970,000. Inventory data are as follows: Inventory at Price index Year year-end prices (base year 2019 2020 $1,266,300 1.05 2021 1.826,200 2022 1,945,000 1.15 1.25 Compute the inventory at December 31, 2020, 2021, and 2022, using the dollar value LIFO method for each year Inventory at December 31, 2020 S Inventory at December 31, 2021 $ Inventory at December 31, 2022 $

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