(5 points) Hagler Co. adopted Dollar Value LIFO on 12/31/2017. Their inventory value that day...
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(5 points) Hagler Co. adopted Dollar Value LIFO on 12/31/2017. Their inventory value that day was $4,436,000. On 12/31/2018, the company reported inventory worth $5,962,000 at end of year prices and the price index was 112. On 12/31/2019, inventory value was $5,230,000 and the price index was 131, and on 12/31/2020, inventory was $8,535,000 with a price index of 136. What should the company report as ending inventory on 12/31/2018? (A 14) $4,838,483 $5,323,214 $5,429,680 $5,962,000
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