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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

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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 dollar-value LIFO method was $215,000. Inventory data are as follows: Ending Inventory at Ending Inventory at Year Year-End Costs Base Year Costs 2022 $ 262,500 $250,000 2023 350,750 305.000 2024 354,000 295,000 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 Your Cost Inventory Layers Converted to Cost Inventory DVD Cost 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 $ 0 12/312021 12/31/2022 Base Base 2022 $ 12/31/2023 Base 2022 2023 0 12/31/2024 Base 2022 2023 2024 + 0

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