Novak, 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
2016 $17,900 100
2017 20,196 108
2018 23,504
113
Compute the value of the 2017 and 2018 inventories using the dollar-value LIFO method.