Question: please finish the problem. you just need to do the 2024 inputs Exercise 8-27 (Algo) Dollar-value LIFO (LO8-8] Mercury Company has only one inventory pool.

please finish the problem. you just need to do the 2024 inputs  please finish the problem. you just need to do the 2024
inputs Exercise 8-27 (Algo) Dollar-value LIFO (LO8-8] Mercury Company has only one

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 $220,000. Inventory data are as follows: Year 2022 2023 2024 Ending Inventory at Year-End Costa $273.000 368,000 372,000 Ending Inventory at Base Year Coats $260,000 320,000 310,000 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.) Answer is complete but not entirely correct. Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost Date Inventory at Year-End Cost Cost Index Inventory Layers at Base Year Cost 220,000 $ 260,000 End Cost Index - $ 12/31/2021 12/31/2022 220,000 $ S 220,000 273,000 1 1 - - Inventory Layers at Base Year Cost $ 220,000 $ 220,000 $ 40.000 $ 220,000 $ 40.000 Inventory Layers Converted to Cost $ 220,000 $ 220,000 $ 42,000 $ 220,000 1 1 Base Base 2022 B ase 2022 .05 1.05 = $ 262,000 12/31/2023 $ 368,000 1.15 = $ 320,000 1.05 Return to question 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.) Answer is complete but not entirely correct. Inventory Layers Converted to Base Year Cost Inventory Layers Converted to Cost Inventory DVL Cost End Date Year- End Cost Inventory at Year-End Cost Inventory Layers at Base Year Cost Year- End Cost $ 220,000 12/31/2021 12/31/2022 $ S 220,000 273,000 1 - - - 1.05 $ $ 262,000 Inventory Layers at Base Year Cost 220,000 $ 220,000 $ 40,000 220,000 40,000 60,000 220,000 40,000 50,000 Inventory Layers Converted to Cost 220,000 220,000 42,000 220,000 42,000 69,000 220,000 42,000 57,500 12/31/2023 $ 368,000 + 1.15 220,000Base 260,000 Base 2022 320,000 B ase 2022 2023 310,000 Base - $ 1.05 1.15 $ 331,000 12/31/2024 372,000 1.20 - $ OOOOOO 1.05 1.15 $ 319.500

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