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Please tell me why my answers are incorrect and please show some steps I would really like to understand this concept as I am having

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Please tell me why my answers are incorrect and please show some steps I would really like to understand this concept as I am having trouble and want to learn it more than just get the answers. Thank you!!

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 $212,000. Inventory data are as follows: Year 2022 Ending Inventory at Year-End Costs $256,200 340,400 343,200 Ending Inventory at Base Year Costs $ 244,000 296,000 286,000 2023 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 DVL Cost Date Inventory at Year-End Cost Year- End Cost Index 1.00 Inventory Layers at Base Year Cost $ 212,000 212,000Base $ 244,000 Base 2022 Inventory Layers at Base Year Cost $ 212,000 $ 212,000 $ 256,200 Year- End Cost Index 1.00 = 1.00 1.05 = Inventory Layers Converted to Cost $ 212,000 $ 212,000 $ 212,000 1$ 269,010 X $ 481,010 12/31/2021 12/31/2022 $ 212,000 $ 256,200 1.05 = 12/31/2023 $ 340,400 1.15 = $ 296,000 1$ Base 2022 $ 212,000 1.00 $ 256,200 256,200 X X 1.05 $ 340,400 1.15 OOO OOO $ 212,000 269,010 X 391,460 X $ $ 872,470 2023 = $ = 12/31/2024 $ 343,200 1.20 = $ 286,000 Base $ 212,000 2022 $ 256,200 2023 $ 340,400 2024 $ 343,200 Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. xx OOO = 1.00 1.05 1.15 1.20 OOO $ 212,000 $ 269,010 X $ 391,460 $ 411,840 = $ 1,284,310

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