January 1 inventory consists of:

Category: Quantitiy: Cost Per Unit: Total Cost:

Portable $16,800 $100 $1,680,000

Midsize $22,400 $250 $5,600,000

Flat-Screen $8,400 $400 $3,360,000

TOTAL: $47,600 $10,640,000

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

Category: Quantity Purchased: Cost Per Unit: Quantity Sold: Selling Price Per Unit:

Portable $42,000 $110 $39,200 $150

Midsize $56,000 $300 $67,200 $400

Flat-Screen $28,000 $500 $16,800 $600

TOTAL $126,000 $123,200

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