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On January 1, 2022, the National Furniture Company adopted the dollar-value LIFO method of computing inventory. An internal cost index is used to convert ending

On January 1, 2022, 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 $200,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Inventory at Cost Index Year Ended Year-end (Relative to December 31 Costs Base Year) 2018 $272,160 1.05 2019 324,800 1.12 2020 322,000 1.15 Required: Compute inventory amounts at the end of each year, including January 1, 2022

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