Wingers 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
2005 $19,750 100
2006 21,708 108
2007 25,935 114


Compute the value of the 2006 and 2007 inventories using the dollar-value LIFO method?

Please see the guidelines for posting homework problems:
Ask Me Help Desk - Announcements in Forum : Homework Help (https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html)