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Calculate inventory amounts at the end of each year

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On January 1, 2016, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $275,000. 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:

Year Ended
December 31		 Inventory
Year-End Costs		 Cost Index
(Relative to Base Year)
2016 $ 364,350   1.05  
2017   374,960   1.09  
2018   424,600   1.10  
2019   454,260   1.13  

Required:

Calculate inventory amounts at the end of each year.

Reference no: EM131787061

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