The following information relates to the Jimmy Johnson Company.

Ending Inventory Ending Inventory

Date At Base-Year Cost At Current Year Cost Price Index

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12/31/15 (base) $68,400 $68,400 1.00

12/31/16 $91,600 $122,744 1.34

12/31/17 $89,800 $132,904 1.48

Using dollar-value LIFO, 2016 ending inventory is?

Using dollar-value LIFO, 2017 ending inventory is?

What is the change in inventory in base-year prices in 2016 (i.e., comparing 2016 ending inventory to 2015 ending inventory, what is the change in base-year, not current year, prices)?

What is the change in inventory in base-year prices in 2017 (i.e., comparing 2017 ending inventory to 2016 ending inventory, what is the change in base-year, not current year, prices)?

Including the base-year of $68,400, how many layers are there at the end of 2017? (Hint: Any negative changes in inventory should be a correction to a previous layer, not a new layer.)?