Calculate the price index for 2025. Assume that the December 2, 2025, purchase cost is the current cost of inventory. (Hint: The beginning inventory is the base layer priced at $22 per unit.) (Round answer to 4 decimal places, e.g. 2.7653.) Price index Concord Corporation began operations on December 1, 2024. The only inventory transaction in 2024 was the purchase of inventory on December 10, 2024, at a cost of $22 per unit. None of this inventory was sold in 2024. Relevant information is as follows. Ending inventory units December 31, 2024 December 31, 2025, by purchase date December 2, 2025 July 20, 2025 130 130 50 180 During the year, the following purchases and sales were made.. Purchases Sales March 15 330 units at $26 April 10 230 July 20 September 4 December 2 330 units at 27 August 20 330 230 units at 31 November 18 180 130 units at 33 December 12 230