the company uses the periodic inventory method

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 $26 per unit.) (Round onswer to 4 decimal places, e3. 2.7653.) Price index Novak 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 $26 per unit. None of this imventory was sold in 2024. Relevant information is as follows. During the year, the following purchases and sales were made