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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, 2013, with an inventory of $245,000. 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) | ||||
| 2013 | $ | 316,440 | 1.08 | |||
| 2014 | 387,270 | 1.17 | ||||
| 2015 | 372,780 | 1.14 | ||||
| 2016 | 361,020 | 1.10 | ||||
|
For year 2013, I got 296,840 For year 2014, I got 341,300 Can't figure out the rest, PLEASE SHOW ALL WORK. This is my third time asking this question and no one can seem to get it right. | ||||||
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