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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 $730,000.
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 $730,000. The 2024 and 2025 ending Inventory valued at year-end costs were $767,000 and $810,000, 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. Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Date Inventory at Year-End Cost Year-End Cost Index 01/01/2024 12/31/2024 12/31/2025 B W Inventory Layers at Base Year Cost Inventory DVL Cost Inventory Inventory Layers at Base Year-End Cost Index Year Cost Layers Converted to Cost Base Base 2024 Base 20241 2025
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