G: [Show all work in detail, step-by -step, with explanations] and only answer if you are absolutely certain, please.

Alton Company bottles a variety of soft drinks. Recently, the company decided to value its inventories using dollar-value LIFO pools. The clerk who accounts for inventories does not understand how to value the inventory pools using this new method, so, as a private consultant, you have been asked to teach him how this new method works. He has provided you with the following information about purchases made over a 6-year period.

Ending Inventory

Date (End-of-Year Prices) Price Index

Dec. 31, 2016 212,000 100

Dec. 31, 2017 226,600 103

Dec. 31, 2018 264,000 110

Dec. 31, 2019 261,000 116

Dec. 31, 2020 324,000 120

Dec. 31, 2021 312,500 125

Instructions

(a) Compute the ending inventory for Alton Company for 2016 through 2021 using dollar-value LIFO.