Jennifer Inc. adopted dollar-value LIFO on December 31, 2012. Data for 2012-2015 follow:

Inventory and index on the adoption date, December 31, 2012:

Dollar-value LIFO inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $250,000

Price index at year-end (the base year) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.00

Inventory information in succeeding years:

1. Compute the inventory value at December 31 of each year under the dollar-value method, assuming new layers are valued using the average price index.
2. Compute the inventory value at December 31, 2015, assuming that dollar-value procedures were adopted at December 31, 2013, rather than in 2012. The beginning layer is the December 31, 2013, balance.

Inventory at Year-End Year-End Price Index Average Price Index Date Prices Dec. 31, 2013. Dec. 31, 2014 Dec. 31, 2015 $314,720 361,800 353,822 1.12 1.20 1.27 1.04 1.14 1.20