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A company uses the dollar - value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year.

A 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 1,2024, with an inventory of $265,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:
\table[[Year Ended,\table[[Ending Inventory at Cost],[Year-End Costs]],\table[[Index (Relative to],[Base Year)]]],[December 31,$336,600,1.02],[2024,427,350,1.11],[2025,405,000,1.08],[2026,395,200,1.04]]
Required:
Calculate inventory amounts at the end of each year.
Note: Round intermediate calculations and final answers to the nearest whole dollars.
\table[[Date,\table[[Inventory Layers Converted],[to Base Year Cost]],Inventory Layers Converted to Cost,\table[[Inventory DVL],[Cost]]],[\table[[Inventory at],[Year-End],[Cost]],\table[[Inventory],[Layers at],[Base Year],[Cost]],,\table[[Inventory],[Layers at Base],[Year Cost]],\table[[Inventory],[Layers],[Converted to],[Cost]],,],[01/01/2024,,,Base,,,$,0],[12/31/2024,,,Base,,,,],[,,2024,,,$,0],[1231?2025,,,Base,,,,],[,,2024,,,,],[,,2025,,,$,0],[12/31/2026,,,Base,,,,],[,,2024,,,,],[,,2025,,,,],[,,2026,,,$,0],[12/31/2027,,,Base,,,,],[,,2024,,,,],[,,2025,,,,],[,,2026,,,,],[,,2027,,,$,0]]
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