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1 a . Calculate price index. 1 b . Determine ending inventory using dollar - value LIFO. Assume that the December 2 , 2 0

1

.

Calculate price index.

1

.

Determine ending inventory using dollar

-

value LIFO. Assume that the December

2, 2025,

purchase cost is the current cost of inventory.

(

Hint: The beginning inventory is the base layer priced at $

24

per unit.

) (

Round answer to

0

decimal places, e

.

. 2, 760 .)

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