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Calculate the inventory value at the end

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Question - At the beginning of 2021, a company adopts the dollar-value LIFO inventory method for its one inventory pool. The pool's value on that date was $1,225,000. The 2021 ending inventory valued at year end costs was $1,521,000 and the year-end cost index was 1.04. Calculate the inventory value at the end of 2021 using the dollar-value LIFO method.

Reference no: EM132603203

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