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On January 1, 2021, the Taylor Company adopted the dollar value LIFO method. The inventory value for its one inventory pool on this date

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On January 1, 2021, 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 2021 through 2023 are as follows Date 12/31/20213 12/31/2022 12/31/2023 Ending Inventory at Year End Costs $436,800 487,200 518,500) Cost Index 1.04 1.12 1.22 Required: Calculate Taylor's ending inventory for 2021, 2022, and 2023. Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Inventory inventory at Year-End Date Year-End Cost Cost Index Layers at Base Year Inventory Layers at Base Year Cost Year-End Cost Index Inventory Layers Converted to Cost Cost 01/01/2021 12/31/2021 $ 518,500 Base $ Z Base 2021 S O 12/31/2022 12/31/2023 Base 2021 2022 Base $ 0

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