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Part A. Judd Company has a beginning inventory in year one of $1,400,000 and an...

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Accounting

Part A. Judd Company has a beginning inventory in year one of $1,400,000 and an ending inventory of $1,694,000. The price level has increased from 100 at the beginning of the year to 108 at the end of year one. Calculate the ending inventory under the dollar-value LIFO method. $__________

Part B. At the end of year two, Judd's inventory is $1,886,000 in terms of a price level of 114 which exists at the end of year two. Calculate the inventory at the end of year two continuing the use of the dollar-value LIFO method. $_____

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