Exercise 8-27 (Static) 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 $200,000. Inventory data are as follows: Year 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 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 12/31/2021 = II Base = 12/31/2022 = Base = 2022 12/31/2023 = Base 2022 = 2023 12/31/2024 = Base = 2022 = 2023 2024