Bear Company adopted the dollar-value LIFO (DVL) inventory method on January 1, 2021. In applying the DVL method, Bear uses internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No. 3 for the two years following the adoption of DVL: Ending Inventory Year At Year-End At Base Year Cost Cost Index 1/1/2021 $ 306,000 $ 306,000 1.00 12/31/2021 341,850 322,500 1.06 12/31/2022 423,500 350,000 1.21 Under the dollar-value LIFO method, the inventory at December 31, 2022, should be

Multiple Choice

• None of these answer choices are correct.

• $356,765.

• $350,000.

• $350,990.