Calculate Taylor's ending inventory for 2021, 2022, and 2023

On January 1, 2021, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $400,000. Inventory data for 2021 through 2023 are as follows: Ending Inventory Date at Year-End Costs Cost Index 12/31/2021 $441, 000 1. 05 12/31/2022 487, 200 1. 12 12/31/2023 510,000 1. 20 Required: Calculate Taylor's ending inventory for 2021, 2022, and 2023. Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Inventory at Inventory Inventory Layers Date Year-End Year-End Cost Index Layers at Base at Base Year Year-End Inventory Layers Cost Year Cost Cost Cost Index Converted to Cost 01/01/2021 400,000 + 1.00 $ 400,000 Base 400,000 $ 0 12/31/2021 $ 441,000 + 1.05 $ 420,000 Base 400,000 2021 S 20,000 0 12/31/2022 $ 487,200 + 1.12 $ 435,000 Base 400,000 = 2021 S 20,000 = 2022 S 15,000 0 12/31/2023 510,000 + 1.20 $ 425,000 Base = 2021 = 2022 = 2023