USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (2) QUESTIONS: Sparky Company adopted Dollar Value LIFO (DVL) on January 1, 2016 for its one inventory pool. The inventory's value on this date was $360,000. The ending inventory valued at year-end costs for 2016, 2017 and 2018 are reported below along with the price index for each year:

Year	Ending Inventory at Year-end Costs	Specific Price Index
Dec 31, 2016	$407,570	106
Dec 31, 2017	$439,450	110
Dec 31, 2018	$427,800	115

a. Determine the Ending Inventory value to be reported on Sparky's balance sheet dated December 31, 2018 using DVL: $____________

Using the information above, answer the following:

If Sparky purchased $1,250,000 of goods held in inventory for 2018, determine COGS for the year ended December 31, 2018 using Dollar Value LIFO.

$_________________________