hapter 8 Assessment Help 1 On January 1, 2021, the National Furniture Company adopted the dollar-value LIFO method of computing Inventory. An internal cost index is used to convert ending inventory to base year. Inventory on January 1 was $220,000. Year-end Inventories at year-end costs and cost indexes for its one inventory pool were as follows: 3 00:29:23 Year Ended December 31 2021 2022 2023 Inventory at Year-end Coats $302,400 364,000 368,000 cont Index (Relative to Rane Year) 1.08 1.12 1.15 Required: Compute inventory amounts at the end of each year using the dollar-value LIFO method. Date Ending Inventory OVL Cost 12/31/2021 12/31/2022 12/31/2023