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4. Hampton Company adopted the dollar-value LIFO method on January 1, 2017 (using internal price indexes...

4. Hampton Company adopted the dollar-value LIFO method on January 1, 2017 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO.

At Base-                        At Current                                            Inventory                       Year Cost

                 1/1/2019                    $284,000                                   $284,000         1

                12/31/2019                     258,000                                     268,320         1.04

  12/31/2020                     297,000                                     302,940         1.02

Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2020? (4)  Hint. You must first calculate the price index.

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