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2) Sterling Products, Inc. adopted the dollar-value LIFO method of computing inventory on January 1,...

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Accounting

2) Sterling Products, Inc. adopted the dollar-value LIFO method of computing inventory on January 1, 2018. Inventory on January 1st was $322,000. Year-end inventories at year-end costs and cost indexes were as follows:
Date Inventory Year-End Costs Cost Index
2018 $ 344,000 1.04
2019 355,000 1.05
2020 361,000 1.07
What is the ending inventory at December 31, 2018, 2019, and 2020 using the dollar-value LIFO method?

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