Question

At the beginning of 2018, 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 2018 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 2018 using the dollar-value LIFO method.

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