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Riverbed, Inc. uses the dollar-value LIFO method of computing its inventory. Data for the past...

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Accounting

Riverbed, 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 2016 $19,500 100 2017 21,924 108 2018 25,650 114 Compute the value of the 2017 and 2018 inventories using the dollar-value LIFO method. 2017 2018 Inventory under LIFO $ $

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