Exercise 8-27 (Algo) Dollar-value LIFO (LO8-8] 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 $220,000. Inventory data are as follows: Year 2022 2023 2024 Ending Inventory at Year-End Costs $273,000 368,000 372,000 Ending Inventory at Base Year Costa $260,000 320,000 310,000 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.) inces Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Year-End Date Inventory at Year-End Cost Cost Index Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Year-End Cost Index Inventory Layers Converted to Cost 12/31/2021 12/31/2022 Basel Base 2022 Base 12/31/2023 2022 12/31/2024 2023 Basel 20221 CUELA W W Year 2022 2023 2024 Year-End Costs $273,000 368,000 372,000 Base Year Costs $260,000 320,000 310,000 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 Date Inventory at Year-End Cost Year-End Cost Index Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Year-End Cost Index - Inventory Layers Converted to Cost 112/31/2021 12/31/2022 12/31/2023 Base Base 20221 Base 2022 2023 Base 2022 2023 2024 12/31/2024