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On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $295,000.

On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $295,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:

Year Ended Inventory Cost Index
December 31 Year-End Costs (Relative to Base Year)
2021 $ 382,130 1.03
2022 393,760 1.07
2023 447,120 1.08
2024 479,520 1.11

Required: Calculate inventory amounts at the end of each year. (Round intermediate calculations and final answers to the nearest whole dollars.)

Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost
Date Inventory at Year-End Cost Year-End Cost Index Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Year-End Cost Index = Inventory Layers Converted to Cost
01/01/2021 = Base = $0
12/31/2021 = Base =
2021 = $0
12/31/2022 = Base =
2021 =
2022 = $0
12/31/2023 = Base =
2021 =
2022 =
2023 = $0
12/31/2024 = Base =
2021 =
2022 =
2023 =
2024 =

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