Solved: 1on january 1 2013 the haskins company adopted the dollar, Accounting Basics

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1on january 1 2013 the haskins company adopted the dollar

1.On January 1, 2013, the Haskins Company adopted the dollar value LIFO method for its one inventory pool. The pool's value on this date was $660,000. The 2013 and 2014 ending inventory valued at year end costs were $690,000 and $760,000, respectively. The appropriate cost indexes are 1.04 for 2013 and 1.08 for 2014.

Required:
Calculate the inventory value at the end of 2013 and 2014 using the dollar value LIFO method.

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Accounting Basics: 1on january 1 2013 the haskins company adopted the dollar

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Accounting Basics: 1on january 1 2013 the haskins company adopted the dollar

Reference No:- TGS01176091

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