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Dollar - Value LIFO Belstock Company manufactures one product. On December 3 1 , 2 0 1 8 , Belstock adopted the dollar - value

Dollar-Value LIFO
Belstock Company manufactures one product. On December 31,2018, Belstock adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $200,000. Inventory data for succeeding years are as follows:
Year Inventory at Respective
Year-End Prices Price Index
(Base Year 2018)
2019 $220,5001.05
2020287,5001.15
2021288,0001.20
Required:
Compute the ending inventory using the dollar-value LIFO method for 2019,2020, and 2021. Do not round your intermediate calculations. If required, round your answers to the nearest dollar.
December 31,2019 $fill in the blank 1
210,500
December 31,2020 $fill in the blank 2
268,000
December 31,2021 $fill in the blank 3
258,500

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