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  3. the company had the following inventory at end-of-

The company had the following inventory at end-of-year prices: $1,230,000 in 2016 (base year), $1,345,000...

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Accounting

The company had the following inventory at end-of-year prices: $1,230,000 in 2016 (base year), $1,345,000 in 2017, and $1,350,000 in 2018. The price index is 1.02 in 2017 and 1.03 in 2018. What is the LIFO effect in 2018? Round to the nearest whole number.

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