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Dollar-Value LIFO Belstock Company manufactures one product. On December 31,2018, Belstock adopted...

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Accounting

Dollar $-$ Value LIFO

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:

Year Inventory at Respective

Year $-$ End Prices Price Index

$($ 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.

December $31, 2019$ $fill in the blank $1$

$210, 500$

December $31, 2020$ $fill in the blank $2$

$268, 000$

December $31, 2021$ $fill in the blank $3$

$258, 500$

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