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Kingston Company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year. The company

Kingston Company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory to base year. The company began operations on January 1, 2016, with an inventory of $165,000. Year-end inventories at year-end costs and cost indexes for its one inventory po were as follows:

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Year Ended Ending Inventory December 31 at Year-End Costs (Relative to Base Year) Cost Index 2016 2017 2018 2019 $243,800 324,500 304,750 299,700 1.06 1.18 1.15 1.11 Required. Calculate inventory amounts at the end of each year. Ending Inventory Date 12/31/16 12/31/17 12/31/18 12/31/19

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