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Culver Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2024. At that...

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Accounting

Culver Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2024. At that time the inventory had a cost of $51,000 and a retail price of $100,000. The following information is available.

Year-End Inventory at Retail

Current Year CostRetail %

Year-End Price Index

2024

 $122,430 60% 105

2025

 135,520 63% 112

2026

 127,650 64% 115

2027

 172,500 62% 125

The price index at January 1, 2024, is 100. Compute the ending inventory at December 31 of the years 20242027. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answers to 0 decimal places, e.g. 28,987.)

2024

2025

2026

2027

Ending inventory

$

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