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calculate the inventory value at the end of 2021 and 2022 using the dollar value LIFO method On January 1, 2021, the Haskins Company adopted

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calculate the inventory value at the end of 2021 and 2022 using the dollar value LIFO method
On January 1, 2021, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $830,000. The 2021 and 2022 ending inventory valued at year-end costs were $871,000 and $945,000, respectively. The appropriate cost indexes are 104 for 2021 and 105 for 2022. Required: Complete the below table to calculate the inventory value at the end of 2021 and 2022 using the dollar-value LIFO method. (Round "Year end cost index" to 2 decimal places. Round other final answer values to the nearest whole dollars.) Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Date Inventory at Year-End Cost Year-End Cost Index Inventory Layers at Base Year Cost Year End Cost Index Inventory Layers at Base Year Cost $ 830,000 $ 837.500 Inventory Layers Converted to Cost $ 830,000 $ $ 830,000 $ 7,800 $ $ 830,000 01/01/2021 12/31/2021 830,000 871,000 1.00 1.04 $ Bases Bases 2021 s 830,000 830,000 7.500 1.00 11.00 11.04 = 837 800 12/31/2022 $ 945,000 1.05 s 900,000 1.00 Base $ 20215 2022 s 830,000 7,500 62.500 11.04 $ $ 830,000 7.800 62,500 5 105 900,300

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