Calculate the price index to 4 decimal points

James's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, James adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: Category Quantity Cost per Unit Total Cost Portable 3,000 $100 $ 300,000 Midsize 4,000 250 1,000,000 Flat-screen 1,500 400 600,000 8,500 $1,900,000 During 2020, the company had the following purchases and sales. Quantity Quantity Selling Price Category Purchased Cost per Unit Sold per Unit Portable 7,500 $110 7,000 $150 Midsize 10,000 300 12,000 400 Flat-screen 5,000 500 3,000 600 22,500 22,000