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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 $260,000.

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 $260,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs ad cost indexes for its one inventory pool were as follows:

Year Ending Inventory Cost Index

December 31 Year End Costs (Relative to Base Year)

2016 $340,000 1.02

2017 350,000 1.06

2018 400,000 1.07

2019 430,000 1.10

Calculate inventory amounts at the end of each year.

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