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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.

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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 12/31/2021 12/31/2022 12/31/2023 Ending Inventory at Year-End Conta $441,000 487,200 510,000 Cont Index 1.05 1.12 1.20 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 12/31/2021 12/31/2022 12/31/2023 Ending Inventory at Year-End Coats $441,000 487,200 510,000 Cost Index 1.05 1.12 1.20 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 - Base Base 2021 : $ 0 12/31/2022 Base 2021 2022 ### $ 0 12/31/2023 Base 2021 2022 2023 ### 0 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 $ 0 01/01/2021 12/31/2021 Base Base 2021 $ 0 12/31/2022 Base 2021 2022 0 12/31/2023 Base 2021 2022 2023 0

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