Question: On January 1 , 2 0 2 4 , the National Furniture Company adopted the dollar - value LIFO method of computing inventory. An internal

On January 1,2024, the National Furniture Company 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 $210,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:
Year Ended December 31 Inventory at Year-End Costs Cost Index (Relative to Base Year)
2024 $ 280,800 $ 1.08
2025330,4001.12
2026333,5001.15
Required:
Compute inventory amounts at the end of each year using the dollar-value LIFO method.

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