Charles's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Charles 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 $ 780,000 Portable 7,800 $100 Midsize 10,400 250 2,600,000 Flat-screen 3,900 400 1,560,000 22,100 $4,940,000 During 2020, the company had the following purchases and sales. Quantity Purchased Cost per Unit 19,500 $110 Quantity Sold Selling Price per Unit Category Portable Midsize 18,200 $150 300 31,200 400 26,000 13,000 Flat-screen 500 600 7,800 57,200 58,500 (21) Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (a2) (22) 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 $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (b) 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 $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit