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 ? For the toolbar, press ALT=F10 () or ALT+FN+F10 (Mac). On January 1, 2020, Materazzi 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 Materazzi's inventory which comprises products A and B Inventory Inventory Inventory [12/31/2019) (12/31/20201 112/31/2621) No. of units Unit Cost/3) Ne of Units Unit Cost No. of units Unt Cos 153 A 35.000 2.000 100.000 1.800 90.000 3000 B 10,000 4.000 16 000 6.075 25 DOO 1520 Calculate the price index for 2020 and 2021 TTT Aria 311200.T.E. PON Wordsio QUESTION 34 What is the 2020 year-end inventory balance using dollar-value LIFO? TTT A 311200 -T.EE Dup Wardes QUESTION 35 What is the 202 year-end Inventory bwance using dollar value LIFO? For the toolbar, press ALT+F10 ( Por ALT+FN-F10 (Maci. Ana 311200 T. T.EE. 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 ? For the toolbar, press ALT=F10 () or ALT+FN+F10 (Mac). On January 1, 2020, Materazzi 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 Materazzi's inventory which comprises products A and B Inventory Inventory Inventory [12/31/2019) (12/31/20201 112/31/2621) No. of units Unit Cost/3) Ne of Units Unit Cost No. of units Unt Cos 153 A 35.000 2.000 100.000 1.800 90.000 3000 B 10,000 4.000 16 000 6.075 25 DOO 1520 Calculate the price index for 2020 and 2021 TTT Aria 311200.T.E. PON Wordsio QUESTION 34 What is the 2020 year-end inventory balance using dollar-value LIFO? TTT A 311200 -T.EE Dup Wardes QUESTION 35 What is the 202 year-end Inventory bwance using dollar value LIFO? For the toolbar, press ALT+F10 ( Por ALT+FN-F10 (Maci. Ana 311200 T. T.EE