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value 0.00 points Exercise 8-23 Dollar-value LIFO [LO8-8] On January 1, 2016, the Haskins Company adopted the dollar- value LIFO method for its one inventory

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value 0.00 points Exercise 8-23 Dollar-value LIFO [LO8-8] On January 1, 2016, the Haskins Company adopted the dollar- value LIFO method for its one inventory pool. The pool's value on this date was $730,000. The 2016 and 2017 ending inventory valued at year-end costs were $767,000 and $810,000, respectively. The appropriate cost indexes are 1.04 for 2016 and 1.08 for 2017. Complete the below table to calculate the inventory value at the end of 2016 and 2017 using the dollar-value LIFO methoo Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost DVL Cost Year-End Cost Index Inventory Layers at Base Year Year-End Inventory Cost Layers Date at Year- End Cost Layers at Base Year Cost Cost 01/01/2016 12/31/2016 Base 2016 Base 2016 2017 12/31/2017

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