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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 UFO method was $206,000. Inventory data are ds follows: Required: Compute the inventory at December 31, 2022, 2023, and 2024, using the dollat-value L.IFO method, (Round "Year end cost index" to 2 decimal places.)
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