Euro Corporation uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:

Year ended Inventory at Price

December 31. End-of-year Prices Index

Year 1 $600,000 100%

Year 2 1,230,000 106%

Year 3 1,400,000 111%

ROUND ALL AMOUNTS TO WHOLE DOLLARS (NO CENTS)

What is the Year 2 inventory balance using dollar-value LIFO? _______________

What is the Year 3 inventory balance using dollar-value LIFO? ______________