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m. 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
m. 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 $208,000. Inventory data are as follows: 2 points Year 2022 2023 2024 Ending Inventory at Year-End Costs $247,800 326,600 328,888 Ending Inventory at Base Year Costs $236,000 284,000 274,000 eBook 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.) Print Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost References 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 $ S S 0 12/31/2021 12/31/2022 208,000 247,800 1.00 1.05 208,000 Base Base $ 2022 S 0 12/31/2023 $ 326,000 1.15 Base 2022 2023 $ 0 12/31/2024 $ 328,8001 1.20 Base 2022 2023 2024 $ 0
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