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Problems G On January 1, 2018, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date
Problems G On January 1, 2018, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $720,000. The 2018 and 2019 ending inventory valued at year-end costs were $754,000 and $848,000, respectively. The appropriate cost indexes are 1.04 for 2018 and 1.06 for 2019. Required: 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.) ng Inventory DVL Cost Inventory Layers Converted to Cost Inventory Year Cost Inventory Layers Converted to Base Year Cost Inventory Layers at Base Year Inventory Layers Year-End InventoryYear at Year End Cost Cost Index Cost Converted to Index Date Layers at Base Cost Cost 720,000 720,000 01/01/2018 720,0001.00 12/31/2018 720,000 Base 720,000 $ 725,000! Base S 720 000 $ 754,000 04 2018 ces 12/31/2019 S 800,000 BaseS 720,000 1.06 2018 2019
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