E 8-27 Mercury Company has only one inventory pool. On December 31, 2021, Mercury adopted the dollar-value LIFO Dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO method was $200,000. Inventory data L08-8 are as follows: Ending Inventory Ending Inventory Year at Year-End Costs at Base Year Costs 2022 $231.000 $220,000 2023 299,000 260,000 2024 300,000 250,000 Required: Compute the inventory at December 31, 2022, 2023, and 2024, using the dollar-value LIFO method. (AICPA adapted) E 8-28 Carswell Electronics adopted the dollar-value LIFO method on January 1, 2021, when the inventory value of Dollar-value LIFO its one inventory pool was $720,000. The company decided to use an external index, the Consumer Price Index L08-8 (CPI), to adjust for changes in the cost level. On January 1, 2021, the CPI was 240. On December 31, 2021, inven- tory valued at year-end cost was $880,000 and the CPI was 264. Required: Calculate the inventory value at the end of 2021 using the dollar-value LIFO method