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Tulip Crop. Adopted Dollar value LIFO on 12/31/2017. Their Inventory value that day was $18,477,000. On 12/31/2018, the company reported inventory worth $30,598,000 at the
- Tulip Crop. Adopted Dollar value LIFO on 12/31/2017. Their Inventory value that day was $18,477,000. On 12/31/2018, the company reported inventory worth $30,598,000 at the end of year prices and the price index was 138. On 12/31/2019, inventory value was $26,274,000 and the price index was 158, and on 12/31/2020, inventory was $52,338,000 with a price index of 166. What should the company report as ending inventory on 12/31/2019?
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