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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 $300,000.

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 $300,000. Inventory data for 2021 through 2023 are as follows:

Date Ending Inventory at Year-End Costs Cost Index
12/31/2021 $ 332,800 1.04
12/31/2022 368,500 1.10
12/31/2023 383,500 1.18

Required: Calculate Taylor's ending inventory for 2021, 2022, and 2023.

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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 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 12/31/2021 12/31/2022 Base Base 2021 Base 2021 2022 Base 20211 2022 2023 12/31/2023

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