Only 1998+ was factory loaded with Mercon V, as can be read in the owners manuals.
Real Mercon V is expensive, and also has issues that made Ford stop recommending it for legacy applications for a while (which they then blamed on flush procedures or old transmissions, which is still dubious).
(the endless supply of 120K G4 Tauruses with bad transmissions on Craigslist would make one ponder if it is the new fluid, in the same old transmission, that has doomed these...)
The "recommended, we think it should be as good as, but not licensed" "merc" products from other manufacturers leave doubt, and especially don't use "universal" fluids.
I discontinued expensive synthetic (but also not licensed) red/purple ATF, instead opting for Valvoline Dex/Merc, which is Mercon certified, and is $14 a gallon at Walmart instead of $14 a quart. Four gallons required to do a pan drop and flush by the book, and have another handy.
(btw, it's only Mercon, or Mercon V)