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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 $270,000 Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 2021 2022 2023 2024 Ending Inventory at Year-End Costs $343,400 435,600 413,020 401,700 Cost Index (Relative to Base Year) 1.01 1.10 1.07 1.03 Required: Calculate inventory amounts at the end of each year. (Round Intermediate calculations and final answers to the nearest whole dollars.) 25 Inventory Layers Converted to Baso Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Date Inventory at Year-End Cost Year-End Cont Index Inntory Layers at Base Year Cost Inventory Layers at Base Year Cost Year-End Cost Index Inventory Layers Converted to Cost 01/01/2021 12/31/2021 Base Base 2021 12/31/2022 Base 2021 2022 . 12/31/2023 Base 2021 2022 2023 12/31/2024 Base 2021 2022 2023 2024

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