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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 $315,000.

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 $315,000. 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:

Year Ended December 31

Inventory Year-End Costs

Cost Index (Relative to Base Year)

2016

$

410,800

1.04

2017

423,360

1.08

2018

473,060

1.09

2019

508,480

1.12

Required:

Calculate inventory amounts at the end of each year.

this question has been asked before and answered wrongly. pls look into it and provide a more accurate answer.

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