'roblem 8-15 (Algo) Dollar-value LIFO (LO8-8] n January 1, 2021, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one ventory pool on this date was $295,000. An internally generated cost index is used to convert ending inventory to ase year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows: Year Ended December 31 2021 2022 2023 2024 Inventory Year-End Costs $382, 130 393.760 447. 120 479, 520 Cost Index Relative to Base Year) 1.03 1.07 equired: alculate inventory amounts at the end of each year (Round intermediate calculations and final answers to the earest whole dollars.) Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Date Inventory at Year-End Year-End Cost Cost Index Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Year-End Cost Index - - $ 11/01/2021 12/31/2021 295,000 $ $ 295,000.00 382 1301.03 295,000 371,000 Inventory Layers Converted to Cost $ 295,000 $ 295,000 $ 78,280 Base Base 2021 $ $ $ S 295.000 1.00 295,000.00 76,000 1.03 - $ 373,280 12/31/2022 $393.7601.07 = 368.000 - $ Base 2021 2022 $ $ 295,000 1.00 73,0001.03 295,000 75,190 370,190 points 12/31/2023 S 447,120 1,08 = $ 414.000 Base 2021 2022 2023 S $ $ 295,000 73,000 46,000 X 1.00 1.03 1.08 - - = $ $ $ 295,000 75,190 49,680 X X $ 419,870 12/31/20245 479,520 1.11 54632,000 - $ Bases 20215 2022 $ 2023 2024 295.000 1.00 73,000 1.03 46,000 1.08 18,000 X 1.11 295,000 75,190 49,680 19,980 - 432 861