Company A's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2017, Company A 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		5,800		$120		$ 696,000
Midsize		8,100		300		2,430,000
Flat-screen		3,200		480		1,536,000
		17,100				$4,662,000

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		$132		13,400		$180
Midsize		19,100		360		24,300		486
Flat-screen		10,400		600		5,800		720
		44,300				43,500

a) Calculate price index. (Already Answered)

Price Index = Ending inventory at current costs/Ending inventory at base year costs = $6674400/$5478000 = 1.2184

b) 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		$