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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 $213.000. Inventory data are as follows: 2022 Ending Inventory at Year-End Costs $250, 300 343,850 346,800 Ending Inventory at Base Year Costs 5246,000 299,000 289,000 2024 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 Inventory DVI Cost Year End Date Year-End Cost Index Inventory at Year End Cost Inventory Layers Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Cost Converted to Index Cost Base 12/31/2021 12/31/2022 12/31/2023 requirea 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 Triventory Layers Converted to Cost Inventory DVL Cost Year-End Cost Inventory at Year-End Cost Inventory Layers at Base Date Inventory Layers at Base Year Cost Year End Cost Inventory Layers Converted to Cost 12/ 31/2021 12/31/2022 Base 12/31/2023 12/31/2024
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