Subject : Accounting A company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory tobase year. The company began operations on January 1, 2024, with an inventory of $174,000. Year-end inventories at year-end costsand cost indexes for its one inventory pool were as follows:Year EndedDecember 312024202520262027Ending Inventory at Cost Index (Relativeto Base Year)Year-End Costs$ 252,000326,040306,360304,9501.051.141.111.07Required:Calculate inventory amounts at the end of each year.Note: Round intermediate calculations and final answers to the nearest whole dollars. Note: Round intermediate calculations and final answers to the nearest whole dollars.Date01/01/202412/31/202412/31/202512/31/202612/31/2027Inventory LayersConverted to Base YearCostInventoryLayers atBase YearCost$ 174,000$174,000$ 252,000 $ 240,000Inventoryat Year-End Cost$ 326,040 $ 286,000$ 306,360 $ 276,000$ 304,950$285,000X Answer is not complete.Inventory Layers Converted to CostInventoryLayers atBase YearCostBase $Base $2024 $Base $2024 $2025 $Base $202420252026Base $2024 $2025 $2026 $2027InventoryLayersConvertedto Cost174,000 $174,000 $166,000 $174,00066,00046,000174,000 $$$66,000 $36,000 $174,000 $66,000 $36,000 $49,000 $174,000 $ 174,000174,00069,300 $ 243,300174,00069,30052,440 $ 295,740174,00069,30041,040174,00069,3004,104 X9,630 XInventoryDVL Cost$ 284,340$257,034

Name: Subject : Accounting A company uses the dollar-value LIFO method of co
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Subject : Accounting A company uses the dollar-value LIFO method of computing inventory. An external price index is used to convert ending inventory tobase year. The company began operations on January 1, 2024, with an inventory of $174,000. Year-end