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I need help solving parts A2 and B please, thank you. Chris's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January
I need help solving parts A2 and B please, thank you.
Chris's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2025, Chris adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: During 2025, the company had the following purchases and sales. (a1) Your answer is correct. Calculate the price index for 2025. (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 \$ eTextbook and Media Last saved 1 second ago. Attempts: 0 of 5 used 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 $Step by Step Solution
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