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: Ending Inventory at Year-End Costs Ending Inventory at Base Year Costs Year 2022 $256, 200 340,400 343,200 $244,e00 296, e00 286, 000 2023 2024 Requlred: 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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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:
Ending Inventory at
Year-End Costs
Ending Inventory at
Base Year Costs
Year
$256, 200
340,400
343, 200
$244, 000
296,000
286,000
2022
2023
2024
Requlred:
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
Inventory
Layers
Converted to
Cost
Year-End
Inventory at
Year-End Cost
Year-End
Cost
Index
Inventory
Layers at Base
Year Cost
Inventory
Layers at Base
Year Cost
Date
Cost
Index
12/31/2021
Base
12/31/2022
Base
=
2022
%3D
12/31/2023
Base
2022
2023
=
12/31/2024
Base
2022
2023
2024
Transcribed Image Text: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: Ending Inventory at Year-End Costs Ending Inventory at Base Year Costs Year $256, 200 340,400 343, 200 $244, 000 296,000 286,000 2022 2023 2024 Requlred: 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 Inventory Layers Converted to Cost Year-End Inventory at Year-End Cost Year-End Cost Index Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost Date Cost Index 12/31/2021 Base 12/31/2022 Base = 2022 %3D 12/31/2023 Base 2022 2023 = 12/31/2024 Base 2022 2023 2024
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