Todgren Incorporated adopted the dollar-value LIFO method last year. Last year's ending inventory was $56,400 with a price index of 1.0. The ending inventory for the current year at year-end (FIFO) costs is $96,000 and the price index is 1.2. Based on this information, compute Todgren's ending inventory for the current year on a dollar-value LIFO basis Compute Todgren's ending inventory for the current year on a dollar-value LIFO basis. (Use the price index amount to one decimal place as given in the information XX.) Current year Year Last year layer Current year layer Ending Inventory under dollar value LIFO