Question
On January 1, 2018, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pools value on this date was $810,000.
On January 1, 2018, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pools value on this date was $810,000. The 2018 and 2019 ending inventory valued at year-end costs were $845,000 and $924,000, respectively. The appropriate cost indexes are 1.04 for 2018 and 1.05 for 2019.Complete the below table to calculate the inventory value at the end of 2018 and 2019 using the dollar-value LIFO method. (Round "Year end cost index" to 2 decimal places. Round other final answer values to the nearest whole dollars.)
Cost of Goods Available for Sale Cost of Goods Sold - Awerage CostEnding Inventory - Average Cost | # of units Cost of Goods of units Cost per Goods Soldinventory Average Cost of d of units AverageEnding n ending Cost per Inventory unit avera ascoat Cost vailable for of units Goods Sold sold Sale Unit Beginning Inventory Purchases August 8 August 18 Total
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