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1, 2018, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $450,000. Inventory data

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1, 2018, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $450,000. Inventory data for 2018 through 2020 are as follows: 12/31/2018 12/31/2019 12/31/2020 1.04 1.14 1.20 578,000 Calculate Taylor's ending inventory for 2018, 2019, and 2020 Ending Inventory Layers Converted to Base Year Cost to Cost Cost Inventory at Year-End Year-End Cost Index Cost Layers Index at Year Year Cost End Cost $450,0001.00 5 488,800 1.04 Cost Cost 01/01/2018 12/31/20118 2018 12/31/2019

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