Problem 8-9 (Part Level Submission) On January 1, 2017, Sarasota Wholesalers Inc. adopted the dollar-value LIFO inventory method for income tax and external financial reporting purposes. However, Sarasota continued to use the FIFO inventory method for internal accounting and management purposes. In applying the LIFO method, Sarasota 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, 1/1/17
Product A	11,800	$44	$519,200
Product B	10,800	37	399,600
$918,800
Inventory, 12/31/17
Product A	18,800	53	$996,400
Product B	10,800	38	410,400
$1,406,800
Inventory, 12/31/18
Product A	14,800	59	$873,200
Product B	11,800	47	554,600
$1,427,800

(a)

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Compute the internal conversion price indexes for 2017 and 2018.(Round price index to 0 decimal places, e.g. 162.)

2017	2018
Conversion price index