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	30,000	15	450,000
Basketball	60,000	14	840,000
Soccer	40,000	17	680,000
	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	$19	140,000	$40
Tennis	130,000	16	100,000	38
Basketball	100,000	14	90,000	37
Soccer	120,000	18	140,000	42
	500,000		470,000

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 2. If the company had used four cost pools instead of one,_____________