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I need help with question a2 Garys Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Gary adopted dollar-value

I need help with question a2

Garys Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Gary 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 18,000 $ 100 $ 1,800,000
Midsize 24,000 250 6,000,000
Flat-screen 9,000 400 3,600,000
51,000 $ 11,400,000

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

Category

Quantity Purchased

Cost per Unit

Quantity Sold

Selling Price per Unit

Portable 45,000 $ 110 42,000 $ 150
Midsize 60,000 300 72,000 400
Flat-screen 30,000 500 18,000 600
135,000 132,000

(a1)

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Your answer is correct.

Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.)

Price index

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(a2)

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Your answer is incorrect.

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

$

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