Dollar-Value LIFO

Belstock Company manufactures one product. On December 31, 2015, 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 2015)
2016	$231,000	1.05
2017	299,000	1.15
2018	300,000	1.20

Required:

Compute the ending inventory using the dollar-value LIFO method for 2016, 2017, and 2018. Do not round your intermediate calculations. If required, round your answers to the nearest dollar.

1.	December 31, 2016	$ 221,000
2.	December 31, 2017	$ 267,000
3.	December 31, 2018	$