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On January 1, 2016, the National Furniture Company adopted the dollar-value LIFO method of computing inventory. An internal cost index is used to convert ending

On January 1, 2016, the National Furniture Company adopted the dollar-value LIFO method of computing inventory. An internal cost index is used to convert ending inventory to base year. Inventory on January 1 was $211,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:

Year Ended December 31 Inventory at Year-end Costs Cost Index (Relative to Base Year)
2016 $282,960 1.08
2017 333,760 1.12
2018 336,950 1.15

Required:

Compute inventory amounts at the end of each year.

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