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Calculate the inventory value

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Question - 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 $860,000. The 2013 and 2014 ending inventory valued at year-end costs were $897,000 and $966,000, respectively. The appropriate cost indexes are 1.04 for 2013 and 1.05 for 2014.

Calculate the inventory value at the end of 2013 and 2014 using the dollar-value LIFO method. (Round your intermediate calculations and final answers to the nearest dollar amount)

Reference no: EM132001157

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