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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

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 $205,000. Inventory data are as follows:

Year Ending Inventory at Year-End Costs Ending Inventory at Base Year Costs
2022 $ 241,500 $ 230,000
2023 316,250 275,000
2024 318,000 265,000

Required: Compute the inventory at December 31, 2022, 2023, and 2024, using the dollar-value LIFO method.

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