Metlock Company had ending inventory at end-of-year prices of $102,000 at December 31, 2024; $122,298 at December 31, 2025; and $137,100 at December 31, 2026. The year-end price indexes were 100 at 12/31/24, 110 at 12/31/25, and 120 at 12/31/26.
Compute the ending inventory for Metlock Company for 2024 through 2026 using the dollar-value LIFO method.
Ending inventory
$
2024
2025
102000
$
122298
$
2026
137100