Crane 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 $21 per unit. None of this inventory was sold in 2019. Relevant information is as follows. Ending inventory units December 31, 2019 December 31, 2020, by purchase date December 2, 2020 110 July 20, 2020 110 50 160 During the year 2020, the following purchases and sales were made. During the year 2020, the following purchases and sales were made. Purchases Sales March 15 310 units at $25 April 10 210 July 20 310 units at 26 August 20 310 September 4 210 units at 29 November 18 160 December 2 110 units at 32 December 12 210 The company uses the periodic inventory method. Calculate price index. (Round answer to 4 decimal places, e.g. 2.7653.) Price Index Determine ending inventory using dollar-value LIFO. Assume that the December 2, 2020, purchase cost is the current cost of inventory. (Hint: The beginning inventory is the base layer priced at $21 per unit.) (Round answer to 0 decimal places, eg 2,760) Ending inventory at dollar-value LIFO $