Belstock Company manufactures one product. On December 31, 2018, Belstock adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $200,000. Inventory data for succeeding years are as follows: Inventory at Respective Price Index Year Year-End Prices (Base Year 2018) 2019 $220,500 1.05 2020 287,500 1.15 2021 288,000 1.20 Required: Compute the ending inventory using the dollar-value LIFO method for 2019, 2020, and 2021. Do not round your intermediate calculations. If required, round your answers to the nearest dollar.

Manji

On January 1, 2024, a company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $400,000. Inventory data for 2024 through 2026 are as follows: Ending Inventory at Date Year-End Costs 12/31/2024 12/31/2025 12/31/2026 $ 441,000 487,200 510,000 Required: Cost Index 1.05 1.12 1.20 Calculate the company's ending inventory for 2024, 2025, and 2026. Inventory Layers Converted to Cost Inventory Layers Converted to Base Year Cost Date Inventory at Year-End Year-End Cost Cost Index 01/01/2024 12/31/2024 Inventory Layers at Base Inventory Layers Converted to Cost Inventory Layers at Base Year Year-End Cost Index Year Cost Cost II = Base II = || Base = 2024 = 12/31/2025 = Base = 2024 II II = 2025 12/31/2026 = Base 2024 2025 = || ||| || | || 2026 = Inventory DVL Cost

Gadubhai