Question: Based on the information below, please answer Question 1 8 and Question 1 9 : On January 1 , 2 0 1 8 , Empire,

Based on the information below, please answer Question 18 and Question 19:
On January 1,2018, Empire, Inc. 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 $350,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:
\table[[Year Ended December 31,Inventory at Year-end Costs,Cost Index (Relative to Base Year)],[2018,$383,250,1.05],[2019,419,650,1.09],[2020,427,500,1.14]]
REQUIRED: Calculate the ending balance for Inventory for the year ended December 31,2020. Show all work and clearly highlight your final answer.
Based on the information below, please answer

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