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Inventory value question At the beginning of 2021, a company adopts the dollar-value LIFO inventory method for its one inventory pool. The pool's value on

Inventory value question

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At the beginning of 2021, a company adopts the dollar-value LIFO inventory method for its one inventory pool. The pool's value on that date was $1,225,000. The 2021 ending inventory valued at yea rend costs was $1,521,000 and the yearend cost index was 1.04. Calculate the inventory value at the end of 2021 using the dollar-value LIFO method. 01101112021 1331112021

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