Exercise 8-27 (Algo) Dollar-value LIFO (LO8-8) 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 $219,000. Inventory data are as follows: Year 2022 2023 2024 Ending Inventory at Year-End Costs $270,900 364,550 368,400 Ending Inventory at Base Year Costs $258,000 317,000 307,000 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.) Inventory DVL Cost Date Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Year-End Inventory Inventory Year-End Inventory Inventory at Cost Layers at Base Layers at Base Year-End Cost Cost Layers Index Year Cost Year Cost Index Converted to Cost $ 219,000 $ 219,000 Base $ 270.000 Base 2022 12/31/2021 12/31/2022 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 DVL Cost Inventory Layers Converted to Cost Inventory Layers Converted to Base Year Cost Year-End Cost Index Year-End Cost Index Inventory Layers Converted to Cost Inventory at Year-End Cost Date Inventory Inventory Layers at Base Layers at Base Year Cost Year Cost $ 219.000 Base Base S 12/31/2021 12/31/2022 5 5 219,000 270.900 S 0 2022 12/31/2023 Baso 2022 2023 $ 0 12/31/2024 Base 2022 2023 2024 $ 0 Prey 1 of 3 Next >