Use the Information below for the following four questions On January 1, 2020, Menter Inc. adopted the dollar value LIFO Inventory method (single pool) for income tax and external financial reporting purposes, while maintaining the FIFO inventory method for Internal records. The following data are available for Materace's Inventory, which comprises products A and B: Inventory Inventory (12/31/2019) Inventory (12/31/2020) (12/31/2021) No. of units Unit Cost (8) No. of Units Unit Cost (5) No. of units Unit Cost (5) 35.000 2.000 100,000 1.800 90,000 3.000 10,000 4.000 16,000 6.075 25,000 1.620 Caloulate the price index for 2020 and 2021 For the toolbar, press ALT+F10 (PC or ALT-EN-F10 / QUESTION 34 What is the 2020 year-end inventory balance using dollar-value LIFO? QUESTION 35 What is the 2021 year and inventory balance using dollar-value LIFO? QUESTION 36 What is the required 2021 journal entry at the end of the year to adjust the account balances from FIFO-based to LIFO-based amounts? Paragraph Arlal 3 11th Use the Information below for the following four questions On January 1, 2020, Menter Inc. adopted the dollar value LIFO Inventory method (single pool) for income tax and external financial reporting purposes, while maintaining the FIFO inventory method for Internal records. The following data are available for Materace's Inventory, which comprises products A and B: Inventory Inventory (12/31/2019) Inventory (12/31/2020) (12/31/2021) No. of units Unit Cost (8) No. of Units Unit Cost (5) No. of units Unit Cost (5) 35.000 2.000 100,000 1.800 90,000 3.000 10,000 4.000 16,000 6.075 25,000 1.620 Caloulate the price index for 2020 and 2021 For the toolbar, press ALT+F10 (PC or ALT-EN-F10 / QUESTION 34 What is the 2020 year-end inventory balance using dollar-value LIFO? QUESTION 35 What is the 2021 year and inventory balance using dollar-value LIFO? QUESTION 36 What is the required 2021 journal entry at the end of the year to adjust the account balances from FIFO-based to LIFO-based amounts? Paragraph Arlal 3 11th