QUESTION 1 On January 1, 2021, 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) 2021 $259,200 1.08 2022 296,800 1.12 2023 299,000 1.15 Compute inventory amounts at the end of each year using the dollar-value LIFO method. Arial 3 (12pt) T- TT TT Paragraph % DOO T TO TS of Mashups - HTML CSS Path:p Words:0