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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 flat-screen. On January 1,2025, John 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
3,600 $100 $360,000
Midsize
4,8002501,200,000
Flat-screen
1,800400720,000
10,200 $2,280,000
During 2025, the company had the following purchases and sales.
Category
Quantity
Purchased
Cost per Unit
Quantity
Sold
Selling Price
per Unit
Portable
9,000 $1108,400 $150
Midsize
12,00030014,400400
Flat-screen
6,0005003,600600
27,00026,400
Calculate the price index for 2025.
Compute ending inventory, cost of goods sold, and gross profit

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