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On January 1. 2016. Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $285.000.

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On January 1. 2016. Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $285.000. An internally generated cost index is used to convert ending inventory to base year Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Required: Calculate inventory amounts at the end of each year

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