Calculate the inventory value at the end of $2024$ using the dollar value LIFO method

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 $1,575,000 and the year-end cost index was 1.05. Calculate the inventory value at the end of 2024 using the dollar-value LIFO method. Inventory Layers converted to Base Year Cost Inventory Layers converted to Cost Date Inventory at year-end cost 01/01/2024 12/31/2024 Year-end cost index Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Year-end cost index Inventory Layers Converted to Cost Inventory DVL Cost Base Base 2024