Bell Corporation adopted the dollar-value LIFO inventory method as of 1/1/20X1. Bell Corporation uses a single inventory pool and an internally generated price index to determine the LIFO inventory layers.

What are the Dollar Value LIFO inventory layers

Date Base Year Cost Current Year Cost Dollar Value LIFO

1/1/20X1 $75,000 $75,000

20X1 Layer 5,000 14,000

12/31/20X1 $80,000 $89,000

20X2 Layer 15,000 26,000

12/31/20X2 $95,000 $115,000