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At the beginning of 2018, a company adopts the dollar-value LIFO inventory method for its one inventory pool. The pool's value on that date was
At the beginning of 2018, a company adopts the dollar-value LIFO inventory method for its one inventory pool. The pool's value on that date was $1,160,000. The 2018 ending inventory valued at year-end costs was $1,442,000 and the year-end cost index was 1.03 Complete the below table to calculate the inventory value at the end of 2018 using the dollar-value LIFO method Inventory DVL Cost Inventory Layers converted to Base Year Cost Inventory Layers at Base Year Cost Inventory Layers converted to Cost Inventory Year Cost Inventory Layers Converted to Cost Inventory at year- end cost Year-end cost index Year-end cost index Date Layers at Base Base Base 2018 01/01/2018 12/31/2018
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