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Business, 23.04.2020 04:33 21hendlill

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 $204,000. Inventory data are as follows: Year Ending Inventory at Year-End Costs Ending Inventory at Base Year Costs 2022 $ 239,400 $ 228,000 2023 312,800 272,000 2024 314,400 262,000 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.)

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Mercury Company has only one inventory pool. On December 31, 2021, Mercury adopted the dollar-value...
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