Mercury Company has only one inventory pool. On December 31, 2021, Mercury adopted the dollar-value...
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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 $203,000. Inventory data are as follows: Year 2022 2023 2024 Ending Inventory at Year-End costs $237,300 309,350 310,000 Ending Inventory at Base Year conta $226,000 269,000 259,000 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 Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost 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 12/31/2022 Base Base 2022 $ a 12/31/2023 Base 2022 2023 $ 0 12/31/2024 Base 2022 2023 2024 $
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