Computing Ending Inventory using Dollar-Value LIFO

On January 1, 2020, 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 $392,000. The following information is available from Benns records for the years 2020 through 2023.

Year	Ending Inventory on a FIFO Basis	Price Index
2020	$462,000	1.1
2021	487,200	1.2
2022	564,200	1.3
2023	560,000	1.2

Required

Compute the ending inventory on a dollar-value LIFO basis for each year, 2020 through 2023.

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

Dollar-value LIFO ending inventory, 2020	Answer
Dollar-value LIFO ending inventory, 2021	Answer
Dollar-value LIFO ending inventory, 2022	Answer
Dollar-value LIFO ending inventory, 2023	Answer