Question: P 8 - 1 5 Dollar - value LIFO LO 8 - 8 On January 1 , 2 0 2 4 , a company adopted

P 8-15 Dollar-value LIFO LO8-8
On January 1,2024, a company adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $260,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:
\table[[Year Ended December 31,Inventory Year-End Costs,\table[[Cost Index],[(Relative to Base Year)]]],[2024,$340,000,1.02],[2025,350,000,1.06],[2026,400,000,1.07],[2027,430,000,1.10]]
Required:
Calculate inventory amounts at the end of each year.
P 8 - 1 5 Dollar - value LIFO LO 8 - 8 On January

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