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On January 1, 2024, a company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $310,000. Inventory
On January 1, 2024, a company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $310,000. Inventory data for 2024 through 2026 are as follows:
| Date | Ending Inventory at Year-End Costs | Cost Index |
|---|---|---|
| 12/31/2024 | $ 339,900 | 1.03 |
| 12/31/2025 | 382,950 | 1.11 |
| 12/31/2026 | 398,650 | 1.19 |
Required:
Calculate the companys ending inventory for 2024, 2025, and 2026.
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