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 $216,000. Inventory data are as follows: Year 2022 2023 2024 Ending Inventory at Year-End Costs $264,600 354,200 357,600 Ending Inventory at Base Year Costs $252,000 308,000 298,000 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.) Date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 Inventory Layers Converted to Base Year Cost Inventory at Year-End Cost + Year-End Cost Index = Inventory Layers at Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Inventory Inventory Layers at Base Year-End Cost Layers Converted to Year Cost Index Cost $ 0 + = + + Base Base x 2022 = Base 2022 2023 = Base x 2022 x 2023 2024 $ 0 0 $ 0