Question: Please I need an urgent and correct solution to the following accounting question. Thank you Mercury Company has only one inventory pool. On December 31,


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 \$205,000. Inventory data are as follows: Required: Compute the inventory at December 31, 2022, 2023, and 2024, using the dollar-value LIFO method. (Round "Year end cost index" to \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Date } & \multicolumn{5}{|c|}{ Inventory Layers Converted to Base Year Cost } & \multicolumn{5}{|c|}{ Inventory Layers Converted to Cost } & \multirow[t]{2}{*}{\begin{tabular}{c} Inventory DVL \\ Cost \end{tabular}} \\ \hline & \begin{tabular}{l} Inventory at \\ Year-End Cost \end{tabular} & & \begin{tabular}{l} Year-End \\ Cost \\ Index \end{tabular} & & \begin{tabular}{l} Inventory \\ Layers at Base \\ Year Cost \end{tabular} & & \begin{tabular}{l} Inventory \\ Layers at Base \\ Year Cost \end{tabular} & \begin{tabular}{l} Year-End \\ Cost \\ Index \end{tabular} & = & \begin{tabular}{c} Inventory \\ Layers \\ Converted to \\ Cost \end{tabular} & \\ \hline 12/31/2021 & & - & & = & & Base & & & = & & \\ \hline \multirow[t]{3}{*}{12/31/2022} & & & & = & & Base & & & = & & \\ \hline & & & & & & 2022 & & & = & & \\ \hline & & & & & & & & & & & \\ \hline \multirow[t]{4}{*}{12/31/2023} & & & & * & & Base & & & = & & \\ \hline & & & & & & 2022 & & & = & & \\ \hline & & & & & & 2023 & & & = & & \\ \hline & & & & & & & & & & & \\ \hline \multirow[t]{4}{*}{12/31/2024} & & & & = & & Base & & & = & & \\ \hline & & & & & & 2022 & & & = & & \\ \hline & & & & & & 2023 & & & = & & \\ \hline & & & & & & 2024 & & & = & & \\ \hline \end{tabular}
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