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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 $300,000.
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 $300,000. Inventory data for 2016 through 2018 are as follows: Date Ending Inventory at Year-End Costs Cost Index 12/31/16 $ 332,800 1.04 12/31/17 368,500 1.10 12/31/18 383,500 1.18 Required: Calculate Taylor's ending inventory for 2016, 2017, and 2018.
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