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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

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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 $1,200,000. The 2024 ending inventory valued at year-end costs was $1,443,000 and the year-end cost index was 1.04. Calculate the inventory value at the end of 2024 using the dollar-value LIFO method. Inventory Layers converted to Base Year Cost Date Inventory at year-end cost Year-end cost index 01/01/2024 12/31/2024 = = Inventory Layers converted to Cost Inventory Layers at Base Year Inventory Layers at Base Inventory Year Cost Year-end cost index Cost Layers Converted to Cost Inventory DVL Cost Base Base 2024 =

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