help please! Type answers clearly please!! Ched 11 CAUICIDE 3-4 ayu...

60.1K

Verified Solution

Question

Accounting

help please! Type answers clearly please!!
image
Ched 11 CAUICIDE 3-4 ayu WuIIGI VOIE LIEU [LUONOJ 5 pont 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: Inding Tnventory at nding Inventory at Year Year-End Costa Base Year Costa 2022 9237.300 $226,000 2023 309,350 269,000 2024 310,00 259.000 Sket Required: Book Compute the inventory of December 31, 2022 2023, and 2024, using the dollar-value LIFO method. (Round "Year end cost index" to " 2 decimal places.) Privit Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Reference Date Inventory at Year-End Cost Year-End Cost Index Inventory Layers at base Year Cost Inventory Layers at Base Year Cost Year-End Cost Index Inventory Layers Converted to Cost 12/31/2021 12/312022 D Base Base 2022 $ 0 12/31/2023 Base 2022 2023 ## $ 0 12/31/2024 Base 2022 2023

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students