Kingston Company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year. The company began operations on January 1, 2021, with an inventory of $150,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:

Required:Calculate inventory amounts at the end of each year.

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Ending Inventory Year Ended Cost Index December 31 at Year-End Costs (Relative to Base Year) $200,000 2021 1.08 2022 245,700 1.17 2023 235,980 1.14 2024 228,800 1.10