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Check my w On January 1, 2021, the National Furniture Company adopted the dollar-value LIFO method of computing inventory. An internal cost index is used

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Check my w On January 1, 2021, the National Furniture Company adopted the dollar-value LIFO method of computing inventory. An internal cost index is used to convert ending inventory to base year. Inventory on January 1 was $205,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 2021 2022 2023 Inventory at Cost Index Year-end (Relative to Costs Base Year) $270,000 1.08 313,600 1.12 316,250 1.15 Required: Compute inventory amounts at the end of each year using the dollar-value LIFO method. Date Ending Inventory DVL Cost 12/31/2021 12/31/2022 12/31/2023

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