Computing Ending Inventory using Dollar$-$Value LIFO

On January $1$ of Year $5,$ Benn Company changed from FIFO to LIFO for income tax and external reporting purposes. At that date, the beginning FIFO inventory $($the base inventory for LIFO purposes$)$ was $$140,000.$ The following information is available from Benn$$s records for Year $5$ through Year $8.$

Year Ending Inventory on a FIFO Basis Price Index Year $5$ $$165,0001\mathrm{.}1$ Year $6174,0001\mathrm{.}2$ Year $7201,5001\mathrm{.}3$ Year $8200,0001\mathrm{.}2$

Required

Compute the ending inventory on a dollar$-$value LIFO basis for Year $5,$ Year $6,$ Year $7,$ and Year $8.$

Note: Do not round until your final answer. Round your final answer to the nearest whole dollar

Dollar$-$value LIFO ending inventory, Year $5$

Dollar$-$value LIFO ending inventory, Year $6$

Dollar$-$value LIFO ending inventory, Year $7$

Dollar$-$value LIFO ending inventory, Year $8$