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Company A adopted Dollar Value LIFO on January 1, 2006. The following table shows the ending inventory at current year cost and the cost index

Company A adopted Dollar Value LIFO on January 1, 2006. The following table shows the ending inventory at current year cost and the cost index for 5 years. Calculate the dollar value ending inventory to be recorded on the balance for each year. Show all calculations.

Date Ending Inventory at current year cost Cost Index
1/2/2006 $800,000 1.00
12/31/2006 $860,000 1.06
12/31/2007 $950,000 1.14
12/31/2008 $980,000 1.21
12/31/2009 $1,050,000 1.27

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