Ayayai Corporation adopted the dollar-value LIFO retail inventory method on January 1, 2016. At that time the inventory had a cost of $55,000 and a retail price of $100,000. The following information is available.Year-End Inventory at RetailCurrent YearCost—Retail %Year EndPrice Index2016$128,10060%1052017152,32063%1122018135,70064%1152019171,12061%124The price index at January 1, 2016, is 100.Compute the ending inventory at December 31 of the years 2016-2019. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answers to 0 decimal places, e.g. 28,987.)2016201720182019Ending inventory$$$$
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