Bond Company adopted the dollar-value LIFO inventory method on January 1, 2021. In applying the LIFO method, Bond 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 LIFO:

	Ending Inventory
Year	At Year-End				At Base Year Cost				Cost Index
1/1/2021	$	300,000			$	300,000				1.00
12/31/2021		345,600				320,000				1.08
12/31/2022		420,000				350,000				1.20

Under the dollar-value LIFO method, the inventory at December 31, 2022, should be