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December 31, Year 2$ December 31, Year 3$ December 31, Year 4$ Dollar-value LIFO Belstock Company manufactures one product. On December 31, Year 1, Belstock

image text in transcribed December 31, Year 2$ December 31, Year 3$ December 31, Year 4$

Dollar-value LIFO Belstock Company manufactures one product. On December 31, Year 1, Belstock adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $400,000. Inventory data for succeeding years are as follows: Inventory at Respective Price Index Year Year 2 Year 3 Year 4 Required: Year-End Prices $430,500 540,500 540,000 (Base Year: Year 1) 1.05 1.15 1.20 Compute the ending inventory using the dollar-value LIFO method for Year 2, Year 3, and Year 4. Do not round your intermediate calculations. If required, round your answers to the nearest dollar. December 31, Year 2 December 31, Year 3 December 31, Year 4

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