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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 $275,000.

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 $275,000. 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 $ 364,350 1.05
2017 374,960 1.09
2018 424,600 1.10
2019 454,260 1.13

Required:

Calculate inventory amounts at the end of each year.

DATE ENDING INVENTORY
12/31/16 350,600
12/31/17
12/31/18
12/31/19

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