2 - EXTRA CREDIT (CX Get Homework Help With Che x + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fut.blackboard.com%252Fwebapps... Update New Tab Fahrenheit 451 Fla... *** Stripe: Patrick and... EXTRA CREDIT (Chapter 8): Dollar-Value LIFO translate -G...Free Online plagia... Allusion | Define A... C2018 school shoot... (18) RAW Bodyca... Deadly Shooting B... Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 2.5 2 Mercury Company has only one inventory pool. On December 31, 2021, Mercury adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO method was $200,000. Inventory data are as follows: Year points 2022 2023 2024 Ending Inventory at Year-End Costs $231,000 299,000 300,000 Ending Inventory at Base Year Costs $220,000 260,000 250,000 Mc Graw Hill Required: Compute the Inventory at December 31, 2022, 2023, and 2024, using the dollar-value LIFO method. (Round "Year end cost index" to 2 decimal places.) Answer is not complete. Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Inventory Year- End Inventory Layers at Inventory Year- Date at Year- Base Layers at End End Cost Cost Index Year Cost Base Year Cost Cost Inventory Layers Converted Index to Cost 12/31/2021 12/31/2022 $ 200,000 1 $ 200,000 Base $ 200,000 S D $231,000 +1.05 $220,000 Base $ 200,000 = 2022 $ 20,000 = S 0 12/31/2023 $ 299,000 1.15 |= $ 260,000 Base $ 200,000 2022 |= $ 20,000 = < Prev 2 of 2 Next Return to question Question 2 - EXTRA CREDIT (CX Get Homework Help With Che x + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fut.blackboard.com%252Fwebapps... Update New Tab Fahrenheit 451 Fla... *** Stripe: Patrick and... EXTRA CREDIT (Chapter 8): Dollar-Value LIFO translate -G...Free Online plagia... Allusion | Define A... C2018 school shoot... (18) RAW Bodyca... Deadly Shooting B... Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 2 Required: Compute the inventory at December 31, 2022, 2023, and 2024, using the dollar-value LIFO method. (Round "Year end cost index" to 2 decimal places.) 2.5 points Mc Graw Hill Answer is not complete. Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Year- Inventory Inventory Layers at Inventory Year- Inventory End Layers at End Layers Date at Year- Base Cost Base Year Cost Converted End Cost Year Index Cost Index to Cost Cost 12/31/2021 $200,000 1 |= $ 200,000 Base $ 200,000 |= IS 0 12/31/2022 $231,000 1.05 = $ 220,000 Base $ 200,000 = 2022 $ 20,000 = S 0 12/31/2023 $ 299,000 1.15 = $ 260,000 Base $ 200,000 2022 $ 2023 $ 40,000 = 20,000 = = S 0 12/31/2024 $ 300,000 1.20 $ 250,000 Base 2022 $ $ 200,000 20,000 = = 2023 $ 30,000 = 2024 $ 40,000 = S 0 < Prev 2 of 2 Next Return to