On January 1, 2016, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pools value on this date was $830,000. The 2016 and 2017 ending inventory valued at year-end costs were $871,000 and $945,000, respectively. The appropriate cost indexes are 1.04 for 2016 and 1.05 for 2017.

Required:

Complete the below table to calculate the inventory value at the end of 2016 and 2017 using the dollar-value LIFO method.

Ending Inventory DVL Cost Inventory Layers Converted to Base Year Cost Inventory Layers at Base Year Inventory Layers Converted to Cost Inventory Year Cost Inventory Layers Converted to Cost Inventory at Year End Cost Year-End Cost Index Year-End Date Layers at Base Cost = Index 01/01/2016 Base Base 2016 Base 2016 2017 12/31/2016 12/31/2017