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George's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1,2020, George adopted dollar-value LIFO and decided to use a single
George's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1,2020, George 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 $100 $1,260,000 Portable 12,600 Midsize 2520 000 $7.980,000 6300 400 t-screen 35.700 During 2020, the company had the following purchases and sales. Quantity Sell Price Quantity Der Unit Category Cost per Unit ald 31.500 $150 Portable $110 29.400 Midsize 42.000 300 50.400 400 Flat-screen 21.000 500 12,600 600 94.500 92400 Calculate price index. (Round price index to 4 decimal places, es. 1.4562) Price index eTextbook and Media Compute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, eg. 6,548) Ending inventory Cost of goods sold Gross profit eTextbook and Media 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. 145 and final answers to 0 decimal places, eg. 6,548) Ending inventory Cost of goods sold $ Gross profit eTextbook and Media
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