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a company adopts the dollar value LIFO inventory method for its one inventory pool

Accounting Nov 22, 2020

a company adopts the dollar value LIFO inventory method for its one inventory pool. The pool's value on that date was $1,250,000. The 2021 ending inventory valued at year-end costs was $1,479,000 and the year-end cost index was 1.02 Calculate the inventory value at the end of 2021 using the dollat-value LIFO method Inventory OVL Cost Inventory Layers converted to Base Year Cost Year end Inventory Inventory at cost Layers at year end cost Base Year Index Cost Inventory Layers converted to Cost Inventory Inventory Year end Layers cost Layers at Base Converted to Year Cost Index Cost Base Date 01/01/2021 12/31/2021 Base 20211

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