Skysong 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.

Ending Inventory

Date (End-of-Year Prices) Price Index

Dec. 31, 2021 $75,300 100

Dec. 31, 2022 119,880 111

Dec. 31, 2023 118,110 127

Dec. 31, 2024 140,760 138

Dec. 31, 2025 160,580 148

Dec. 31, 2026 188,958 154

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.

(a) Compute the ending inventory for Skysong Company for 2021 through 2026 using dollar-value LIFO.

Ending Inventory

2021 $enter a dollar amount

2022 $enter a dollar amount

2023 $enter a dollar amount

2024 $enter a dollar amount

2025 $enter a dollar amount

2026 $enter a dollar amount