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Review Assignments 5 Sk You received partial credit in the previou On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory
Review Assignments 5 Sk You received partial credit in the previou On January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $290,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 Inventory Year-End Costs. 3021 $372,300 2022 383,720 2023 435,490 2024 466,950 Cost Index (Relative to Base Year) 1.02 1.06 1.07 1.10 Required: Calculate inventory amounts at the end of each year (Round intermediate calculations and final answers to the nearest whole Au Required: Calculate inventory amounts at the end of each year. (Round intermediate calculations and final answers to the nearest whole dollars) Inventory Layers Converted to Bese Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Inventory at Year End Cate Cost Cast inder Inventory Layers at Base Year Cost Inventory Layers at Base Cost Year-End Year Cost Inventory Layers Converted to Index Cost 01/01/2021 S 29000000 290,000 Base 100 $ 290,000 $ 290,000 12/31/2001 S 372.300 02 IN 365.000 Be S 305.000 2021 74.800 S 439,800 12312022 S 383 720 06 W S 362,000 Base $ 260,000 2001 $ 71.593 2022 S 05 331.503 1231/2029 $ 64000 S 407.000 Base 5 200 000 2001 N $ 71.503 2022 S 2003 $ 46,000 $ 378.201 12312 $ 409601.10 S 424,500 Base " $ 200,000 2001 1.02 $ 71.593 2022 106 =$ 0 2023 1.07 $ 46.698 2024 110 S 18.785 5 432.861
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