Swifty Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1190000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Price Index December 31, 2020 $1271000 108 December 31, 2021 1485000 126 December 31, 2022 1626000 131 What is the cost of the ending inventory at December 31, 2020 under dollar value LIFO? (Round intermediate calculations and final answer to decimal places, eg. 10,000.) $1176852 O $1175800 O $1271000 O $1285200 Vaughn Manufacturing adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. its inventory at that date was 51103000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Price Index December 31, 2020 $1272000 107 December 31, 2021 1458000 125 December 31, 2022 1624000 130 What is the cost of the ending inventory at December 31, 2021 under dollar value L.IFO? $1170838 O 51166400 51163400 51138785 Vataghn Manufacturing adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1102000 and the relevant price index was 100 Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Price Index December 31, 2020 $1287000 December 31, 2021 1440000 December 31, 2022 1627000 107 125 130 What is the cost of the ending inventory at December 31, 2022 under dollar-value L.IFO? (Round intermediate calculations and final answer to decimal places, eg. 10,000) $1284899 51318538 $1275538 $1251538 Which inventory costing method most closely approximates current cost for each of the following: Ending Inventory Cost of Goods Sold LIFO UFO . LIFO FIFO o FIFO FIFO FIFO LIFO In a period of rising prices, the inventory method which tends to give the highest reported net income is last-in, first-out O weighted average O base stock O first in, first-out