Acute Company manufactures a single product. On December 31, 20X0, it adopted the dollar- value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was determined to be $300,000. Inventory data for succeeding years follow:

Required:

Compute the inventory amounts at December 31, 20X1, 20X2, and 20X3, using the dollar-value LIFO inventory method for each year.

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Year Ended December 31 Inventory at Respective Year-End Prices Relevant Price Index (Base Year 20X0) $ 363,000 420,000 20X1 1.10 20X2 1.20 20X3 430,000 1.25