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On January 1 , 2 0 2 4 , a Company adopted the dollar - value LIFO method for its one inventory pool. The pool's

On January 1,2024, a Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $660,000. The 2024 and 2025 ending inventory valued at year-end costs were $690,000 and $760,000, respectively. The appropriate cost indexes are 1.04 for 2024 and 1.08 for 2025.
Required:
Complete the below table to calculate the inventory value at the end of 2024 and 2025 using the dollar-value LIFO method.
Note: Round "Year end cost index" to 2 decimal places. Round other final answer values to the nearest whole dollars.
\table[[Date,Inventory Layers Converted to Base Year Cost,Inventory Layers Converted to Cost,\table[[Inventory],[DVL Cost]]],[\table[[Inventory],[at Year-],[End Cost]],,\table[[Year-End],[Cost],[Index]],,\table[[Inventory],[Layers at],[Base Year],[Cost]],,\table[[Inventory],[Layers at Base],[Year Cost]],,\table[[Year-End],[Cost],[Index]],=,\table[[Inventory],[Layers],[Converted to],[Cost]],,],[0101?2024,7,,1.00,=,,Base,,x,1.00,=,-,$,0],[1231?2024,,,1.04,=,,Base,,x,1.00,=,7,t,],[,,,,,2024,,x,1.04,=,,$,0],[1231?2025,7,,1.08,=,,Base,,x,1.00,=,7,,],[,,,,,2024,,x,1.04,=,,,],[,,,,,2025,,x,1.08,=,,$,0]]
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