Compute the value of the 2014 and 2015

Reference no: EM131017970

Arna, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past 3 years follow.

Year Ended December 31	Inventory at Current-Year Cost	Price Index
2013	$20,600	100
2014	22,896	108
2015	26,894	113

Compute the value of the 2014 and 2015 inventories using the dollar-value LIFO method.

		2014		2015
Inventory under LIFO		$		$

Reference no: EM131017970

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