Question: On January 1 , 2 0 2 4 , a Company adopted the dollar - value LIFO method for its one inventory pool. The pool's
On January a Company adopted the dollarvalue LIFO method for its one inventory pool. The pool's value on this date was $ The and ending inventory valued at yearend costs were $ and $ respectively. The appropriate cost indexes are for and for
Required:
Complete the below table to calculate the inventory value at the end of and using the dollarvalue LIFO method.
Note: Round "Year end cost index" to decimal places. Round other final answer values to the nearest whole dollars.
tableDateInventory Layers Converted to Base Year Cost,Inventory Layers Converted torcost,tableInventoryDVL CosttableInventory atYearEndCosttableYearEndCostIndextableInventoryLayers atBase YearCosttableInventoryLayers at BaseYear CosttableYearEndCost IndextableInventoryLayersConverted toCostBase,,,$Base,,,$
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