Arna, 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

2011

$19,750

100

2012

22,140

108

2013

25,935

114

Instructions

Compute the value of the 2012 and 2013 inventories using the dollar value LIFO method.