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Kevin's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1,2020 , Kevin adopted dollar-value LIFO and decided to use a
Kevin's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1,2020 , Kevin adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: During 2020 , the company had the following purchases and sales. (a1) Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Compute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, e.g. 6,548. $ $ $ 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 $
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