2.Alsace Company manufactures one product. On December 31, 2014, Alsace adopted the dollar-value LIFO inventory method. Inventory data are as follows:

Inventory at

Yearyear-end pricesPrice index (%)

2014$270,000100

2015378,000105

2016552,000115

2017575,000125

2018675,000135

2019553,000140

Compute the ending inventory using the dollar-value LIFO method as of:

YearInventory @ yr. End PricePrice Index %Base Price+/- prior yr.

2014$270,000100$270,000

2015378,000105360,000+ 90,000

2016552,000115480,000+ 120,000

2017575,000125460,000- (20,000)

2018675,000135500,000+ 40,000

2019553,000140395,000- (105,000)

2014 $270,000 x 100% = $270,000

December 31, 2015 = 270,000 x 100% = 270,000

90,000 x 105% = 94,500

$364,500

December 31, 2016 = 270,000 x 100% = 270,000

90,000 x 105% =94,500

120,000 x 115% = 138,000

$502,500

December 31, 2017 = 270,000 x 100% = 270,000

90,000 x 105% = 94,500

100,000 x 115% = 115,000

$479,500

December 31, 2018 = 270,000 x 100% = 270,000

90,000 x 105% = 94,500

100,000 x 115% = 115,000

40,000 x 135% = 54,000

$533,500

December 31, 2019 = 270,000 x 100% = 270,000

90,000 x 105% = 94,500

35,000 x 115% = 40,250

$404,750

The Base prices and the +/- are my answers, as well as all the answers in red. The only answer I am not sure of is the total for 2019, the $404.750. Could someone help me and let me know if I have the correct information for 2019. Thank you.