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

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Accounting

Pronghorn 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.

Inventory

At Base-Year Cost

At Current-Year Cost
1/1/17 $201,600 $201,600
12/31/17 248,900 273,790
12/31/18 255,500 291,270

Computing an internal price index and using the dollar-value LIFO method, at what amount should the inventory be reported at December 31, 2018?

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