ROBLEM II: (12 POINTS)

On January 1, 2011, 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:

Year Ended Inventory at Year-End Cost Index (Relative to December 31 Costs Base Year)

2015 $259,200 1.08

2016 $296,800 1.12

2017 $299,000 1.15

Required: Compute inventory amounts at the end of each year.