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At the beginning of 2 0 2 4 , a company adopts the dollar - value LIFO inventory method for its one inventory pool. The

At the beginning of 2024, a company adopts the dollar-value LIFO inventory method for its one inventory pool. The pool's value on that date was $1,150,000. The 2024 ending inventory valued at year-end costs was $1,414,000 and the year-end cost index was 1.01.
Calculate the inventory value at the end of 2024 using the dollar-value LIFO method.
\table[[Date,Inventory Layers converted to Base Year Cost,Inventory Layers converted to Cost,\table[[Inventory DVL],[Cost]]],[\table[[Inventory at],[year-end cost]],\table[[Year-end],[cost],[index]],,\table[[Inventory],[Layers at],[Base Year],[Cost]],,\table[[Inventory],[Layers at Base],[Year Cost]],\table[[Year-end],[cost],[index]],,\table[[Inventory],[Layers],[Converted to],[Cost]]],[0101?2024,,,=,,Base,,,=,,)],[1231?2024,,,=,,Base,,,=,,],[,,,,,2024,,,=,,$]]
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