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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

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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

$

Donald's Televisions produces television sets in three categories: portable, midsize, and flat-screen.On January 1, 2020, Donald adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: Category Portable Midsize Flat-screen Quantity Cost per Unit 12000 $100 16,000 250 6,000 400 34,000 Total Cost $1,200,000 4,000,000 2,400,000 $7,600,000 During 2020, the company had the following purchases and sales. Quantity Quantity Selling Price Category Purchased Cost per Unlt Sold per Unit Portable 30,000 $110 28,000 $150 Midsize 40,000 300 48.000 400 Flat-screen 20,000 500 12.000 600 90,000 BB,000 (21) Your answer is correct Calculate price index. (Round price Index to 4 decimal places, eg. 14562) Price index 12156 eTextbook and Media Attempts: 2 of 3 bed (a2) Your answer is correct Compute ending inventory.cost of goods sold, and gross profit (Round answers to Odecimal places, eg.6,548.) Ending inventory $ 9301700 Cost of goods sold $ 23598300 Gross profit $ 7001700

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