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John s Televisions produces television sets in three categories: portable, midsize, and flat - screen. On January 1 , 2 0 2 5 , John
Johns Televisions produces television sets in three categories: portable, midsize, and flatscreen. On January John adopted dollarvalue LIFO and decided to use a single inventory pool. The companys January inventory consists of:
Category
Quantity
Cost per Unit
Total Cost
Portable
$ $
Midsize
Flatscreen
$
During the company had the following purchases and sales.
Category
Quantity
Purchased
Cost per Unit
Quantity
Sold
Selling Price
per Unit
Portable
$ $
Midsize
Flatscreen
Calculate the price index for
Compute ending inventory, cost of goods sold, and gross profit
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