amber company has used the dollar value lifo technique for the past three years the company has only one inventory/

/in /by

a. The current-year ending inventory (end of year 3) at current prices is $2,124,000, and the LIFO index is 1.06. Determine the company’s LIFO inventory as of the end of the current year.
b. Assume that the current-year ending inventory at current prices is $1,850,000. What is the end-of-the-current-year LIFO inventory value?