On January 1, 2018, the Haskins Company adopted the dollar-value LIFO method for its one...
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Accounting
On January 1, 2018, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pools value on this date was $740,000. The 2018 and 2019 ending inventory valued at year-end costs were $780,000 and $861,000, respectively. The appropriate cost indexes are 1.04 for 2018 and 1.05 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.)
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