Soprano's Corp. started operation in 2018 and it produces two models of airfryers: Standard and Deluxe. It uses the dollar value LIFO method to calculate ending inventory balance and cost of goods sold. The company uses a single inventory pool. The company's fiscal year end is December 31st. The information related to the company's inventory in 2018 and 2019 is presented below. 12/31/2018 Standard Deluxe Quantity 1,500 1,000 Cost per unit $250 $400 During fiscal year 2012 Quantity produced cost per unit Quantity sold Selling as of 12/31 price/unit Standard 10,000 5550 Deluxe 8.000 7.000 Required (round to four decimals Compute the company's 2019 ending LIFO Inventory.balance and cost of goods sold using the dollar value LIFO method. Please make sure to use the dollar value LIFO method. Using the traditional unit-based LIFO will get zero point Please show your calculations. (Hint: you need to calculate the price index based on the information given. Price index in a certain year - Inventory ending balance in that year based on current year's cost per unit inventory ending balance in that year based on base year's cost per unit)