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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

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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 began operations on January 1, 2021, with an inventory of $183,000. Year end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended Ending Inventory Cost Index December 31 at Year-End Costs (Relative to Base Year) 2021 $ 262,500 1.05 2022 350,460 1.18 2023 330,050 1.15 2024 327,450 1.11 Required: Calculate inventory amounts at the end of each year. (Round Intermediate calculations and final answers to the nearest whole dollars.) Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory VI Cost Dne Inventory at Year-End Cost Year End Cost Index Inventory Layers at Base Year Cost Inventory Layers at Bose Year Cost Year End Cost Index Inventory Layers Converted to Cost 01/01/2021 12331/2021 Base Base 2021 12/31/2022 Base 2021

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