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On January 1, 2016, the Haskins Company adopted the dollar-value LIFO method for its one...

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Accounting

On January 1, 2016, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pools value on this date was $710,000. The 2016 and 2017 ending inventory valued at year-end costs were $741,000 and $840,000, respectively. The appropriate cost indexes are 1.04 for 2016 and 1.05 for 2017. Required: Complete the below table to calculate the inventory value at the end of 2016 and 2017 using the dollar-value LIFO method.

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