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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
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 $203,000. Inventory data are as follows:
| Year | Ending Inventory at Year-End Costs | Ending Inventory at Base Year Costs | ||||
| 2022 | $ | 237,300 | $ | 226,000 | ||
| 2023 | 309,350 | 269,000 | ||||
| 2024 | 310,800 | 259,000 | ||||
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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