Problem 8-13 Dollar-value LIFO (LO8-8) On January 1, 2018, 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 2018 through 2020 are as follows: Date 12/31/2018 12/31/2019 12/31/2020 Ending Inventory at Year-End Costs $441,000 487,200 5 10,000 Cost Index 1.05 1.12 1.20 Required: Calculate Taylor's ending inventory for 2018, 2019, and 2020. Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Ending Inventory DVL Cost Year-End Date Inventory at Year- End Cost Year-End Cost Index Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Cost = Inventory Layers Converted to Cost Index Base 01/01/2018 12/31/2018 $ 0 Base 2018 Base 2018 12/31/2019 2019 12/31/2020 Base 2018 2019 +