Return to questid Problem 8-14 (Algo) Dollar-value LIFO (LO8-8) Kingston Company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending Inventory to base year. The company began operations on January 1, 2021, with an inventory of $192,000 Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: points Year Ended December 31 2eza 2022 2023 2024 Ending Inventory at Year-End Costs $275,600 351, 12e 330,78 326, 35e Cost Index (Relative to Base Year) 1.06 1.14 Required: Calculate inventory amounts at the end of each year (Round intermediate calculations and final answers to the nearest whole dollars.) 01/01/2021 12/31/2021 S 192,000 S 275,600 Index 1.00 1.06 - - Index 1.00 192.000 $ $ 12/31/2022 S 351,120 . 1.14 264,080 Cost 192,000 192,000 68,000 192,000 68,000 48,000 192,000 68,000 12/31/2023 $ 330,780 SR8 818 81 1 Cost $ 192,000 Base $ 260,000 Base 2021 308,000Base 2021 2021 2022 $ 298,000Base 2021 2021 2022 2023 $ 5,000B ase 2021 2022 2023 2024 $ $ $ $ S $ $ $ S $ S S .11 318,800 Xolololololo OOOOOOOOOO to Cost 192,000 $ 192,000 72,080 $ 192,000 72,080 54.720S 192,000 72,080 54.720 % 43.320 S 192,000 72,080 54.720 x 43,320 7.490S 12/31/2024 S 326,350 1.07 362.120 A 38,000 192,000 68,000 48,000 39.000 7.000 ls $ x 1.07 369,610