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Answer B please Problem 8-08 (Part Level Submission) Thomas's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Thomas

image text in transcribedimage text in transcribedAnswer B please

Problem 8-08 (Part Level Submission) Thomas's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Thomas adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: $100 Category Portable Midsize Flat-screen Quantity Cost per Unit 9,000 12,000 250 4,500 400 25,500 Total Cost $ 900,000 3,000,000 1,800,000 $5,700,000 During 2020, the company had the following purchases and sales. Category Portable Midsize Flat-screen Quantity Purchased 22,500 30,000 15,000 67,500 Cost per Unit $110 300 500 Quantity Sold 21,000 36,000 9,000 66,000 Selling Price per Unit $150 400 600 (al) Your answer is correct. Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index 1.2156 SHOW SOLUTION LINK TO TEXT (b) X Your answer is incorrect. Try again. Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold, and gross profit. (Round price index to 2 decimal places, e.g. 1.45 and final answers to 0 decimal places, e.g. 6,548.) Ending inventory Cost of goods sold Gross profit LINK TO TEXT

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