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Brief Exercise 8 - 2 1 ( Algo ) Dollar - value LIFO [ LO 8 - 8 ] At the beginning of 2 0

Brief Exercise 8-21(Algo) Dollar-value LIFO [LO8-8]
At the beginning of 2024, a company adopts the dollar-value LIFO inventory method for its one inventory pool. The pools value on that date was $1,150,000. The 2024 ending inventory valued at year-end costs was $1,404,000 and the year-end cost index was 1.08.
Calculate the inventory value at the end of 2024 using the dollar-value LIFO method.

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