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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, 2016, with an inventory of $255,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows Cost Index (Relative to Base Year) 1.03 1.12 1.09 1.05 Year Ended Ending Inventory at Year-End Costs 319,300 406,560 384,770 372,750 December 31 2016 2017 2018 2019 Required Calculate inventory amounts at the end of each year. Ending Inventor Date 12/31/16 12/31/17 12/31/18 12/31/19

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