Donalds Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Donald 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		12,000		$100		$ 1,200,000
Midsize		16,000		250		4,000,000
Flat-screen		6,000		400		2,400,000
		34,000				$7,600,000

During 2020, the company had the following purchases and sales.

Category		Quantity Purchased		Cost per Unit		Quantity Sold		Selling Price per Unit
Portable		30,000		$110		28,000		$150
Midsize		40,000		300		48,000		400
Flat-screen		20,000		500		12,000		600
		90,000				88,000

A) Calculate price index

B) Compute ending inventory, cost of goods sold, and gross profit.

C) Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold and gross profit.