The Bravo Company Manufactures a Single Product Required:
Compute the Inventory Amount at December 31,2013,2014,and 2015 Using

Essay

The Bravo Company manufactures a single product.On December 31,2012 Bravo adopted the dollar-value LIFO inventory method.The inventory on that date using the dollar-value LIFO inventory method was determined to be $500,000.Inventory data for succeeding years are as follows:
$\begin{array}{rrr}\text { Year Ended December 31 } & \begin{array}{c}\text { Inventory at Respective } \\\text { Year-end Prices }\end{array} & \begin{array}{c}\text { Relevant Price Index } \\\text { (Base Year 2012) }\end{array}\\2012 & \$ 500,000 & 1.00 \\2013 & 527,000 & 1.08 \\2014 & 635,000 & 1.15 \\2015 & 645,000 & 1.21\end{array}$
Required:
Compute the inventory amount at December 31,2013,2014,and 2015 using the dollar-value LIFO inventory method for each year.(Round all amounts to the nearest dollar.)