Kuhleman Manufacturing Company produces a single product. The owners have decided to adopt the dollar-value LIFO inventory method as of December 31, 2010. The inventory value on December 31, 2010 (base year) was $700,000. The following additional information is available:

Inventory at Year-End

Date Year-End Prices Price Index

December 31, 2011 $803,000 1.10

December 31, 2012 806,400 1.12

December 31, 2013 894,000 1.20

Compute the December 31 year-end inventory values (for all three years) assuming the company uses the dollar-value LIFO method. Hint: see column headings below as a starting point. 2010 is the base year.

Year-End Base Year Change in

Year Inventory Price Index Amount Base Year Year-End Inventory

2010 $700,000 1.0 700,000 n/a

2011 $803,000

2012 $806,400

2013 $894,000