On January 1, 2020, Blossom Wholesalers Inc. adopted the dollar-value LIFO inventory method for income tax and external financial reporting purposes. However, Blossom continued to use the FIFO inventory method for internal accounting and management purposes. In applying the LIFO method, Blossom uses internal conversion price indexes and the multiple pools approach under which substantially identical inventory items are grouped into LIFO inventory pools. The following data were available for inventory pool no. 1, which comprises products A and B, for the 2 years following the adoption of LIFO.

		FIFO Basis per Records
		Units		Unit Cost		Total Cost
Inventory, 1/1/20
Product A		12,400		$30		$372,000
Product B		11,160		25		279,000
						$651,000
Inventory, 12/31/20
Product A		20,460		36		$736,560
Product B		11,160		26		290,160
						$1,026,720
Inventory, 12/31/21
Product A		16,120		40		$644,800
Product B		12,400		32		396,800
						$1,041,600

(a)

Compute the internal conversion price indexes for 2020 and 2021. (Round price index to 2 decimal places, e.g. 1.62.)

		2020		2021
Conversion price index