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Calculate the inventory value at the end

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Question - On January 1, 2021, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $820,000. The 2021 and 2022 ending inventory valued at year-end costs were $858,000 and $945,000, respectively. The appropriate cost indexes are 1.04 for 2021 and 1.08 for 2022.

Required - Calculate the inventory value at the end of 2021 and 2022 using the dollar-value LIFO method.

Reference no: EM133088065

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