Check my 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 $320,000. Inventory data for 2021 through 2023 are as follows: Ending Inventory Date at Year-End Costs Cost Index 12/31/2021 $346,800 1.02 12/31/2022 397,600 1.12 12/31/2023 414,000 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 Date Inventory at Year-End Cost Year-End Cost Index Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Year-End Cost Index = Inventory Layers Converted to Cost Base 01/01/2021 12/31/2021 Base 2021 12/31/2022 Base 2021 2022 12/31/2023 - Base 2021 2022 2023