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Mercury Company has only one inventory pool. On December 31, 2016, 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, 2016, Mercury adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO method was $216,000. Inventory data are as follows: Year Ending Inventory at Year-End Costs Ending Inventory at Base Year Costs 2017 $ 264,600 $ 252,000 2018 354,200 308,000 2019 357,600 298,000 Required: Compute the inventory at December 31, 2017, 2018, and 2019, using the dollar-value LIFO method.
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