Mercury Company has only one inventory pool. On December 31, 2024, Mercury adopted the dollar-value...
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Mercury Company has only one inventory pool. On December 31, 2024, 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:
| Year | Ending Inventory at Year-End Costs | Ending Inventory at Base Year Costs |
|---|---|---|
| 2025 | $ 256,200 | $ 244,000 |
| 2026 | 340,400 | 296,000 |
| 2027 | 343,200 | 286,000 |
Required:
Compute the inventory at December 31, 2025, 2026, and 2027, using the dollar-value LIFO method.
Note: Round "Year end cost index" to 2 decimal places.
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