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Mercury Company has only one inventory pool. On December 31, 2024, 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, 2024, Mercury adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO method was $203,000. Inventory data are as follows: Required: Compute the inventory at December 31, 2025, 2026, and 2027, using the dollar-value LIFO method. Note: Round "Year end cost index" to 2 decimal places. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Date } & \multicolumn{4}{|c|}{ Inventory Layers Converted to Base Year Cost } & \multicolumn{5}{|c|}{ Inventory Layers Converted to Cost } & \multicolumn{2}{|c|}{\begin{tabular}{c} Inventory DVL \\ Cost \end{tabular}} \\ \hline & \begin{tabular}{l} Inventory at \\ Year-End Cost \end{tabular} & \begin{tabular}{l} Year-End \\ Cost \\ Index \end{tabular} & & \begin{tabular}{c} Ending \\ Inventory at \\ Base Year \\ Cost \end{tabular} & & \begin{tabular}{c} Ending \\ Inventory at \\ Base Year \\ Cost \end{tabular} & \begin{tabular}{l} Year-End \\ Cost \\ Index \end{tabular} & = & \begin{tabular}{c} Inventory \\ Layers \\ Converted to \\ Cost \end{tabular} & & \\ \hline 12/31/2024 & & & = & & Base & & r & = & & $ & 0 \\ \hline \multirow[t]{2}{*}{12/31/2025} & & & = & & Base & & ? & = & & & \\ \hline & & & & & 2025 & & ? & = & & \$ & 0 \\ \hline \multirow[t]{3}{*}{12/31/2026} & & & = & & Base & & & = & & & \\ \hline & & & & & 2025 & & 1 & = & & & \\ \hline & & & & & 2026 & & ? & = & & $ & 0 \\ \hline \multirow[t]{4}{*}{12/31/2027} & & & = & & Base & & & = & & & \\ \hline & & & & & 2025 & & > & = & & & \\ \hline & & & & & 2026 & & 7 & = & & & \\ \hline & & & & & 2027 & & & = & & S & 0 \\ \hline \end{tabular}
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