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On January 1, 2021, the Hoskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $760,000
On January 1, 2021, the Hoskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $760,000 The 2021 and 2022 ending inventory valued at year-end costs were $806,000 and $891,000, respectively. The appropriate cost indexes are 104 for 2021 and 108 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 Layers Converted to Base Year Cost Inventory Layers Converted to cost inventory DVL COG Date Inventory at Year End Cost Year End Cost Index Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Year End Cost index Inventory Layers Converted to Cost $ 0 01/012021 12/31/2021 Base Base 2021 $ 0 12/31/2022 Basel 2021 2022
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