Blue Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a cost of $ 25 per unit. None of this inventory was sold in 2019. Relevant information is as follows.

Ending inventory units
December 31, 2019				122
December 31, 2020, by purchase date
December 2, 2020		122
July 20, 2020		50		172

During the year 2020, the following purchases and sales were made.

Purchases						Sales
March 15		322 units	at	$ 30		April 10		222
July 20		322 units	at	32		August 20		322
September 4		222 units	at	35		November 18		172
December 2		122 units	at	38		December 12		222

The company uses the periodic inventory method.

a. Calculate price index. (Round answer to 4 decimal places, e.g. 2.7653.)

Price Index =

b. Determine ending inventory using dollar-value LIFO. Assume that the December 2, 2017, purchase cost is the current cost of inventory. (Hint: The beginning inventory is the base layer priced at $25 per unit.)

Round answer to 0 decimal places, e.g. 2,760.)