Answer parts A and B.

Neuman Company adopted the dollar-value LIFO method on December 31, 2011. On this date, its inventory consisted of the following items. Neuman has only one inventory pool. Neuman purchased inventory of $45,000 during 2012. The following information regarding inventory quantities and cost of each item at December 31, 2012 is also available. a. Calculate the price index for 2012. (Round your answer to 2 decimal places). b. Calculate Ending Inventory reported on the Balance Sheet at 12/31/12