Calculate the inventory value at the end


On January 1, 2011, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $638,000. The 2011 and 2012 ending inventory valued at year-end costs were $838,000 and $874,000, respectively. The appropriate cost indexes are 1.25 for 2011 and 0.93 for 2012. Calculate the inventory value at the end of 2011 and 2012 using the dollar-value LIFO method.

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Accounting Basics: Calculate the inventory value at the end
Reference No:- TGS0713108

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