On January 1, 2021, the National Furniture Company adopted the dollar-value LIFO method of computing inventory. An internal cost index is used to convert ending inventory to base year. Inventory on January 1 was $209,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Inventory at Year Ended Cost Index Year-end (Relative to December 31 Costs Base Year) 2021 $278,640 1.08 2022 327,040 330,650 1.15 1.12 2023 Required: Compute inventory amounts at the end of each year using the dollar-value LIFO method. Date Ending Inventory DVL Cost 12/31/2021 12/31/2022 12/31/2023 The Genworth Company adopted the dollar-value LIFO method on January 1, 2021 when the inventory value of its one inventory pool was $630,000. The company decided to use an external index, the Consumer Price Index (CPI), to adjust for changes in the cost level. On January 1, 2021, the CPI was 220. On December 31, 2021, inventory valued at year-end cost was $714,000 and the CPI was 231. Required: Calculate the inventory value at the end of 2021 using the dollar-value LIFO method. Date Inventory DVL Cost 12/31/2021