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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 Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost 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 Date Inventory Layers Converted to Cost S s 0 12/31/2021 12/31/2022 5 s 219,000 270,900 219,000 Base Base 2022 S 0 12/31/2023 Base 2022 Prey 1 of 3 HE Next > 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 Bano Year Cost Inventory Layers Converted to Cost Inventory OVL Cost Inventory at Year-End Cost Year-End Cost Index Date Inventory Layers at Base Year Cost Year-End Cost Index Inventory Layers at Base Year Cost Inventory Layers Converted to Cost $ $ 12/31/2021 12/31/2022 5 s 219 000 270 900 219,000 Base Base 2022 $ 0 12/31/2023 Baso 2022 2023 s 0 12/31/2024 Base 2022 2023 2024 $

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