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On January 1, 2018, the Haskins Company adopted the dollar-value LIFO method for its one...

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Accounting

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On January 1, 2018, the Haskins Company adopted the dollar-value LIFO method for its one inventory pool. The pool's value on this date was $730,000. The 2018 and 2019 ending inventory valued at year-end costs were $767,000 and $810,000, respectively. The appropriate cost indexes are 1.04 for 2018 and 1.08 for 2019 Required Complete the below table to calculate the inventory value at the end of 2018 and 2019 using the dollar-value LIFO method. (Round "Year end cost index" to 2 decimal places. Round other final answer values to the nearest whole dollars.) Ending Inventor DVL Cost Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory at Year- End Cost Inventory Layers at Base Year Cost Inventory Year-End Inventory Layers Converted to Cost Date Cost Index Cost Index Layers at Base Year Cost 01/01/2018 Base Base 2018 Base 2018 2019 12/31/2018 12/31/2019

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