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On January 1, 2016, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $400,000.
On January 1, 2016, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $400,000. Inventory data for 2016 through 2018 are as follows: Date Ending Inventory at Year-End Costs Cost Index 12/31/16 $ 436,800 1.04 12/31/17 487,200 1.12 12/31/18 518,500 1.22
Calculate Taylor's ending inventory for 2017, and 2018
12/31/17
12/31/18
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