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1at the beginning of 2013 a company adopts the dollar value

1.At the beginning of 2013, a company adopts the dollar value LIFO inventory method for its one inventory pool. The pool's value on that date was $1,400,000. The 2013 ending inventory valued at year end costs was $1,664,000 and the year end cost index was 1.04. Calculate the inventory value at the end of 2013 using the dollar value LIFO method.

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Accounting Basics: 1at the beginning of 2013 a company adopts the dollar value

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Accounting Basics: 1at the beginning of 2013 a company adopts the dollar value

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