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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 inventory

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 $204,000.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 $267,840 1.08
2017 310,240 1.12
2018 312,800 1.15

Required:

Compute inventory amounts at the end of each year.

NEED ENDING INVENTORY DVL COST

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