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 $120,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 2024 2025 2026 2027 Ending Inventory at Cost Index (Relative to Year-End Costs Base Year) $ 198,000 1.10 261,800 1.19 243,600 1.16 240,800 1.12