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On January 1 of Year 5 , Benn Company changed from FIFO to LIFO for income tax and external reporting purposes. At that date, the

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On January 1 of Year 5, Benn Company changed from FIFO to LIFO for income tax and external reporting purposes. At that date, the beginning FIFO inventory (the base inventory for LIFO purposes) was $224,000. The following information is available from Benn's records for Year 5 through Year 8.
\table[[Year,Ending Inventory on a FIFO Basis,Price Index],[Year 5,$264,000,1.1],[Year 6,278,400,1.2],[Year 7,322,400,1.3],[Year 8,320,000,1.2]]
Required
Compute the ending inventory on a dollar-value LIFO basis for Year 5, Year 6, Year 7, and Year 8.
Note: Do not round until your final answer. Round your final answer to the nearest whole dollar
\table[[Dollar-value LIFO ending inventory, Year 5,$,224,000
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