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I'm not sure how to figure this when the layers are less than the previous year. Please show correct answers and explain process, thanks.

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 $215,000. Inventory data are as follows: Ending Inventory at Ending Inventory at Year-End Costs Base Year Costs $ 262,500 $250, eee 350, 750 305, eee 354, see 295, eee Year 2022 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 x X 1 Inventory Layers at Base Year Cost Inventory Layers at Base Year Cost $ 215.000 Year- End Cost Index IS Inventory Layers Converted to Cost $ 215.000 $ 215.000 $ 36.750 215,000 IS 1 S 215,000 12/31/2021 12/31/2022 OI 215,000 250.000 Base Base OI O IS 262,500 x X 1.05 O = IS IS DOO 215.000 = 2022 $ 35,000 1.05 > IS 251,750 > 12/31/2023 350.750 X X 1.15 $ 305,000 Base $ 1 s IS 215,000 35,000 55,000 2022 2023 OOO OOO 1.05 $ SO 215,000 36.750 63.250 $ 1.15 = S $ 315,000 > > > 1 = S 215.000 OOO 1.05 12/31/2024 IS 354,000 x x 1.2 IS 295.000 Base IS 215,000 2022 $ 35,000 2023 $ 55,000 2024 IS 45,000 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. >>> S 111 * 36.750 63.250 1.15 $ 1.2 $ 54,000 $ 369,000

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