On January 1, 2018, the National Furniture Company Adopted the Dollar-Value

Essay

On January 1, 2018, 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 $200,000. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:

Required:
Compute inventory amounts at the end of each year.