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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 cost cost index
12/31/2016 441,000 1.05
12/31/2017 487,200 1.12
12/31/2018 10,000 1.20
Required
Calculate taylors ending inventory for 2016 and 2017 and 2018
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