Matthew's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Matthew adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: Category Quantity Cost per Unit Total Cost Portable 17,400 $100 $ 1,740,000 Midsize 23,200 250 5,800,000 Flat-screen 8,700 400 3.480,000 49,300 $11,020,000 During 2020, the company had the following purchases and sales. Quantity Purchased Quantity Sold Selling Price per Unit Category Cost per Unit Portable 43,500 $110 40,600 $150 Midsize 58,000 300 69,600 400 Flat-screen 29,000 500 17,400 600 130,500 127,600 (a 1) Your answer is correct. Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index 1.2156 e Textbook and Media Attempts: 1 of 3 used (a2) Your Answer Correct Answer Your answer is correct. Compute ending inventory, cost of goods sold, and gross profit. (Round answers to decimal places, e.g. 6,548.) Ending inventory $ 13487668 Cost of goods sold $ 34217332 Gross profit $ 10152668 (b) 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 $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit