Chriss Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2017, Chris adopted dollar-value LIFO and decided to use a single inventory pool. The companys January 1 inventory consists of:

Category Quantity Cost per Unit Total Cost

Portable 5,900 $116 $ 684,400

Midsize 7,900 290 2,291,000

Flat-screen 2,800 464 1,299,200

16,600 $4,274,600

During 2017, the company had the following purchases and sales.

Category Quantity Purchased Cost per Unit Quantity Sold Selling Price per Unit

Portable 14,800 $128 13,800 $174

Midsize 19,100 348 23,900 470

Flat-screen 9,700 580 5,900 696

43,600 43,600

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 $ =