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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 $201,000. Inventory data are as follows: Year 2022 2023 2024 Ending Inventory at Year-End Costs $233,100 302,450 303,600 Ending Inventory at Base Year Costs $222,000 263,000 253,000 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.)
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