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On January 1,2024, a Company adopted the dollar-value LIFO method for its one inventory pool....

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Accounting

On January 1,2024, a Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $830,000. The 2024 and 2025 ending inventory valued at year-end costs were $871,000 and $945,000, respectively. The appropriate cost indexes are 1.04 for 2024 and 1.05 for 2025.
Required:
Complete the below table to calculate the inventory value at the end of 2024 and 2025 using the dollar-value LIFO method.
Note: Round "Year end cost index" to 2 decimal places. Round other final answer values to the nearest whole dollars.
\table[[Date,Inventory Layers Converted to Base Year Cost,Inventory Layers Converted torcost,\table[[Inventory],[DVL Cost]]],[\table[[Inventory at],[Year-End],[Cost]],\table[[Year-End],[Cost],[Index]],,\table[[Inventory],[Layers at],[Base Year],[Cost]],,\table[[Inventory],[Layers at Base],[Year Cost]],\table[[Year-End],[Cost Index]],=,\table[[Inventory],[Layers],[Converted to],[Cost]],],[0101?2024,,,=,,Base,,,=,,$],[1231?2024,,,=,,Base,,,=,,],[,,,,2024,,,=,,$
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