Inventory Pools

Stone Shoe Company adopted dollar$-$value LIFO on January $1,2019.$ The company produces four products and uses a single inventory pool. The company's beginning inventory consists of the following:

Type Quantity Cost per Unit Total Cost

Running $80,000$ $$16$ $$1,280,000$

Tennis $30,00015450,000$

Basketball $60,00014840,000$

Soccer $40,00017680,000$

$210,000$ $$3,250,000$

During $2019,$ the company has the following purchases and sales:

Type Quantity

Purchased Cost per Unit Quantity Sold Selling Price

per Unit

Running $150,000$ $$19140,000$ $$40$

Tennis $130,00016100,00038$

Basketball $100,0001490,00037$

Soccer $120,00018140,00042$

$500,000470,000$

Required:

$1.$ Compute the dollar$-$value LIFO cost of the ending inventory. Round the cost index to $4$ decimal places and all other amounts to the nearest dollar.

$fill in the blank $1$