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 $320,000. 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	$	401,700		1.03
2022		413,020		1.07
2023		463,320		1.08
2024		498,945		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

$320,000selected answer correct

selected answer correct

1.00selected answer correct

=

$320,000selected answer correct

Base

$320,000selected answer correct

selected answer correct

1.00selected answer correct

=

$320,000selected answer correct

$320,000

12/31/2021

$401,700selected answer correct

selected answer correct

1.03selected answer correct

=

$390,000selected answer correct

Base

$320,000selected answer correct

selected answer correct

1.00selected answer correct

=

$320,000selected answer correct

2021

$70,000selected answer correct

selected answer correct

1.03selected answer correct

=

$72,100selected answer correct

$392,100

12/31/2022

$413,020selected answer correct

selected answer correct

1.07selected answer correct

=

$386,000selected answer correct

Base

$320,000selected answer correct

selected answer correct

1.00selected answer correct

=

$320,000selected answer correct

2021

$66,000selected answer correct

selected answer correct

1.03selected answer correct

=

$67,980selected answer correct

2022

not attempted

+selected answer incorrect

not attempted

=

not attempted

$387,980

12/31/2023

$463,320selected answer correct

selected answer correct

1.08selected answer correct

=

$429,000selected answer correct

Base

$320,000selected answer correct

selected answer correct

1.00selected answer correct

=

$320,000selected answer correct

2021

$66,000selected answer correct

selected answer correct

1.03selected answer correct

=

$67,980selected answer correct

2022

not attempted

selected answer incorrect

1.07selected answer incorrect

=

not attempted

2023

not attempted

selected answer correct

1.08selected answer correct

=

not attempted

$387,980

12/31/2024

$498,945selected answer correct

selected answer correct

1.11selected answer correct

=

$449,500selected answer correct

Base

$320,000selected answer correct

selected answer correct

1.00selected answer correct

=

$320,000selected answer correct

2021

$66,000selected answer correct

selected answer correct

1.00selected answer incorrect

=

$67,980selected answer correct

2022

not attempted

selected answer incorrect

1.08selected answer incorrect

=

not attempted

2023

not attempted

selected answer correct

1.07selected answer incorrect

=

not attempted

2024

not attempted

selected answer correct

1.03selected answer incorrect

=

not attempted

$387,980