4. Hampton Company adopted the dollar-value LIFO method on January 1, 2017 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO.

At Base- At Current Inventory Year Cost

1/1/2019 $284,000 $284,000 1

12/31/2019 258,000 268,320 1.04

12/31/2020 297,000 302,940 1.02

Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2020? (4) Hint. You must first calculate the price index.