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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 $214,000 Inventory data are as follows. Year 2022 2023 2024 Ending Inventory at Year-End Costs $260,400 347,300 350,400 Ending Inventory at Base Year Costs $248,000 302,000 292,000 Required: Compute the inventory at December 31, 2022, 2023, and 2024, using the dollar-value LIFO meu (Round "Year end cost index" to 2 decimal places.) Inventory Layers Converted to Base Year Cost R Inventory Layers Converted to Cost Inventory DVL Cost inces 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 12/31/2022 Base 0 IN Base 2022 $ 0 12/31/2023 12/31/2024 Base 2022 2023 Base 2022 2023 2024 0
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