Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.)

Price index =

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 $ =

Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold, and gross profit. (Round price index to 6 decimal places, e.g. 1.456287 and final answers to 0 decimal places, e.g. 6,548.)

Ending inventory $ =

Cost of goods sold $ =

Gross profit $ =

Jason's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Jason adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: Total Cost Category Portable Cost per Unit $100 Midsize Quantity 16,800 22,400 8,400 47,600 250 $ 1,680,000 5,600,000 3,360,000 $10,640,000 Flat-screen 400 During 2020, the company had the following purchases and sales. Quantity Purchased Quantity Sold Category Portable Cost per Unit $110 Selling Price per Unit $150 300 400 Midsize Flat-screen 42,000 56,000 28,000 126,000 39,200 67,200 16,800 123,200 500 600