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Check Exercise 8-27 (Algo Dollar value LIFO (LOB-8) Mercury Company has only one Inventory pool on December 31, 2021 Mercury adopted the dollar valueLIFO Inventory

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Check Exercise 8-27 (Algo Dollar value LIFO (LOB-8) Mercury Company has only one Inventory pool on December 31, 2021 Mercury adopted the dollar valueLIFO Inventory method. The inventory on that date using the dollar-value UFO method was $206,000. Inventory data are as follows: Ending Inventory Ending Inventory at at Year Year-End Costs Base Year Costs 2022 $243,600 $232,000 2023 319,700 278,000 2024 321,600 268,000 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.) Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Year Inventory Inventory Inventory Year Inventory Date at Year End Layers at Layers at End Layers Cost Base Year End Cost Base Year Cost Converted Index Cost Cost Index to Cost 12/31/2021 5 206.000 - 100 = 206.000 Base $ 206.000 11.00 $ 0 12/31/20225220600105 = 3282.000Base 20600 100 2022 $25,000 205 $ 0 12/31/2023 $319,700 1.15 5 0 12/31/20245 321,600 - 1.20 $278.000 Base$ 20.600 1.00 20225280 105 2023$ 46,000 100 = 3 268.000 Base $ 20.000 2022 526000 2023 2024 =

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