Problem 8-09 On January 1, 2020, Swifty Wholesalers Inc. adopted the dollar-value LIFO inventory method for income tax and external financial reporting purposes. However, Swifty continued to use the FIFO inventory method for internal accounting and management purposes. In applying the LIFO method, Swifty 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 Unit Total Units Cost Cost Inventory, 1/1/20 Product A Product B 8,400 7,560 $30 25 $252,000 189,000 $441,000 Inventory, 12/31/20 Product A Product B 36 13,860 7,560 26 $498,960 196,560 $695,520 Inventory, 12/31/21 Product A Product B 40 10,920 8,400 32 $436,800 268,800 $705,600 Compute the internal conversion price indexes for 2020 and 2021. (Round price index to 2 decimal places, e.g. 162.) 2020 2021 Conversion price index Compute the inventory amounts at December 31, 2020 and 2021, using the dollar-value LIFO inventory method. (Round answers to o decimal places, e.g. 5,620.) 2020 2021 Inventory