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On January 1, 2021, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $800,000.

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On January 1, 2021, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $800,000. The 2021 and 2022 ending inventory valued at year-end costs were $845.000 and $945,000, respectively. The appropriate cost indexes are 1.04 for 2021 and 1.08 for 2022 Required: Complete the below table to calculate the inventory value at the end of 2021 and 2022 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.) Inventory DVL Cost Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory at Year-End Cost Date Year-End Cost Index Inventory Layers at Base Year Cost Year-End Cost Index Inventory Layers at Base Year Cost $ 800.000 $ 812.500 Inventory Layers Converted to Cost $ 800,000 $ $ 800.000 $ 13,000 $ inces 800,000 01/01/2021 12/31/2021 5 $ 800,000 845,000 100 104 Bases Bases 2021 800.000 800.000 12.500 100 1.00 1.04 813,000 12/31/2022 $ 08 945.000 $ $ 875,000 Bases 20215 2022 $ B00.000 12.500 75,000 1.00 104 1.08 = $ 800.000 13,000 81,000 $ S 894,000

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