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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
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 $210,000. Inventory data are as follows: Year 2022 2023 2024 Ending Inventory at Year-End Costs $252,000 333,500 336,000 Ending Inventory at Base Year Costs $240,000 290,000 280,000 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 Year-End Date Inventory at Year-End Cost Cost Index Inventory Layers at Base Inventory Layers at Base Year-End Year Cost Year Cost Cost Index Inventory Layers Converted to Cost 12/31/2021 12/31/2022 = Base = Base 2022 = 12/31/2023 = Base 2022 = 2023 12/31/2024 = Base 2022 2023 2024 Inventory DVL Cost
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