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ALSO: Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold, and gross profit/ Compute ending inventory, cost
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Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold, and gross profit/
Compute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, e.g. 6,548.) Ending inventory $ Cost of goods sold $ Gross profit $ John's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1,2025 , John adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: During 2025 , the company had the following purchases and sales. Compute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, e.g. 6,548.) Ending inventory $ Cost of goods sold $ Gross profit $ John's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1,2025 , John adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: During 2025 , the company had the following purchases and salesStep by Step Solution
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