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On January 1 , 2 0 2 4 , a company adopted the dollar - value LIFO inventory method. The inventory value for its one

On January 1,2024, a company adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date ws $305,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at yearend costs and cost indexes for its one inventory pool were as follows:
\table[[\table[[Year Ended],[December 31]],\table[[Inventory],[Year-End Costs]],\table[[Cost Index (Relative],[to Base Year)]]],[2024,$390,660,1.02],[2025,402,800,1.06],[2026,457,960,1.07],[2027,491,700,1.10]]
Required:
Calculate inventory amounts at the end of each year.
Note: Round intermediate calculations and final answers to the nearest whole dollars.
\table[[Date,\table[[Inventory Layers Converted to],[Base Year Cost]],Inventory Layers Converled to Cost,\table[[Inventory DVL],[Cost]]],[\table[[Inventory at],[Year-End Cost]],\table[[Inventory],[Layers at Base],[Year Cost]],,\table[[Inventory],[Layers at Base],[Year Cost]],\table[[Inventory],[Layers],[Converted to],[Cost]],,],[0101?2024,$,305,000,\table[[$,1]],Base,$,305,000,305,000,$,305,000],[1231?2024,$,390,660,\table[[$,1]],Base,$,305,000,$,305,000,18,],[,2,x,2024,5,-,$,305,000],[1231?2025,$,402,800,$,Base,,,D.,],[,,2,2024,,,3,],[,+2.2+1,2,2025,,2127,$,0],[1231?2026,$,457,960,\table[[$,1]],Base,,,,],[,5,,2024,,,18,],[2,,2,2025,2,,2,],[x+2,,,2026,2,,$,0],[1231?2027,$,491,700,,Base,2,+2,8,T
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