Bond Company adopted the dollar-value LIFO inventory method on January 1, 2013. In applying the LIFO method, Bond uses internal…

Bond Company adopted the dollar-value LIFO inventory method on January 1, 2013. In applying the LIFO method, Bond uses internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No. 3 for the two years following the adoption of LIFO:

Ending Inventory

At Current
At Base

Year
Cost
Year Cost
Cost index

1/1/13
$305,000
$305,000
1.00

12/31/13
334,360
321,500
1.04

12/31/14
441,440
356,000
1.24

Under the dollar-value LIFO method the inventory at December 31, 2014, should be

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