(Answered) Assignmentjoan company manufactures one product on december

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Joan Company manufactures one product. On December 31, 2016, Joan adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $190,000. Inventory data are as follows:

Year    Inventory at year-end prices       Price index (base year 2016)
2016    $255,000             1.05
2017    370,000             1.15
2018    390,500             1.25

Compute the inventory at December 31, 2016, 2017, and 2018, using the dollar-value LIFO method for each year.

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