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On January 1, 2018, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $450,000.

On January 1, 2018, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $450,000. Inventory data for 2018 through 2020 are as follows:

Date Ending Inventory at Year-End Costs Cost Index
12/31/2018 $ 488,800 1.04
12/31/2019 552,900 1.14
12/31/2020 570,000 1.20

Required: Calculate Taylor's ending inventory for 2018, 2019, and 2020.

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Ending Inventory DVL Cost Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory Layers at Base Year Cost Inventory Layers Inventory at Year- End Cost Year-End Cost Index Inventory Year-End Date Layers at Base Cost Converted to Index Year Cost Cost 01/01/2018 Base Base 2018 Base 2018 2019 Base 2018 2019 12/31/2018 12/31/2019 12/31/2020

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