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The company had the following inventory at end-of-year prices: $150,000 in 2018 (base year), $167,000 in 2019 , and $168,000 in 2020 . The price

image text in transcribed The company had the following inventory at end-of-year prices: $150,000 in 2018 (base year), $167,000 in 2019 , and $168,000 in 2020 . The price index is 1.03 in 2019 and 1.08 in 2020 . What is the value of inventory using dollar value LIFO in 2020? $155,556$162,500$156,000$155,723

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