Question: 20. Smart Inc. adopted the dollar-value LIFO inventory method on January 1, 2021. The inventory value for its one inventory pool on this date

20. Smart Inc. adopted the dollar-value LIFO inventory method on January 1,

20. Smart Inc. adopted the dollar-value LIFO inventory method on January 1, 2021. The inventory value for its one inventory pool on this date was $400,000. The following data were available: Year 12/31/21 12/31/22 12/31/23 Ending inventory at year-end price $441,000 487,200 510,000 Cost Index 1.05 1.12 1.20 What amount would Smart report for its ending inventory at 12/31/23?

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