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8-23 Dollar-value LIFO LOB-8 On January 1, 2018, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value
8-23 Dollar-value LIFO LOB-8 On January 1, 2018, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $660,000. The 2018 and 2019 ending inventory valued at year-end costs were $690,000 and $760,000, respectively. The appropriate cost indexes are 1.04 for 2018 and 1.08 for 2019. Required: Calculate the inventory value at the end of 2018 and 2019 using the dollar-value LIFO method.
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