On January 1, 2013, Avondale Lumber adopted the dollar-value LIFO inventory method. The inventory value for its one inventory pool on this date was $260,000. An internally generated cost index is used to convert ending inventory to base year. Year-end inventories at year-end costs and cost indexes for its one inventory pool were as follows:
Year Ended Inventory Cost Index
December 31 Year-End Costs (Relative to Base Year)
2013 $ 340,000 1.02
2014 350,000 1.06
2015 400,000 1.07
2016 430,000 1.10