Answer:
Dino Radja Company
The ending inventory for Dino Radja Company for 2017 through 2022 using the dollar-value LIFO method:
Date       Ending Inventory  Price  Dollar Value
(End-of-Year Prices)              Index     LIFO
December 31, 2017    $ 80,000       100   $80,000 ($80,000*1.00)
December 31, 2018 Â Â Â Â 115,500 Â Â Â Â Â Â 105 Â Â Â 110,000 ($115,500/1.05)
December 31, 2019 Â Â Â 108,000 Â Â Â Â Â Â 120 Â Â Â 90,000 ($108,000/1.20)
December 31, 2020 Â Â Â 122,200 Â Â Â Â Â Â 130 Â Â Â 94,000 ($122,200/1.30)
December 31, 2021 Â Â Â 154,000 Â Â Â Â Â Â 140 Â Â 110,000 ($154,000/1.40)
December 31, 2022 Â Â Â 176,900 Â Â Â Â Â Â 145 Â Â 122,000 ($176,900/1.45)
Explanation:
a) Data and Calculations:
Date       Ending Inventory  Price Index
(End-of-Year Prices) Â Â
December 31, 2017    $ 80,000         100
December 31, 2018 Â Â Â Â 115,500 Â Â Â Â Â Â Â Â 105
December 31, 2019 Â Â Â 108,000 Â Â Â Â Â Â Â Â 120
December 31, 2020 Â Â Â 122,200 Â Â Â Â Â Â Â Â 130
December 31, 2021 Â Â Â 154,000 Â Â Â Â Â Â Â Â 140
December 31, 2022 Â Â Â 176,900 Â Â Â Â Â Â Â Â 145
