Michael's Televisions produces television sets in three categories: portable, midsize, and flat$-$screen. On January $1,2025,$ Michael

adopted dollar$-$value LIFO and decided to use a single inventory pool. The company's January $1$ inventory consists of:

During $2025,$ the company had the following purchases and sales.

$($a$1)$

Calculate the price index for $2025.($Round price index to $4$ decimal places, e$.$g$.1\mathrm{.}4562.)$

Price index

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$($a$2)$

Compute ending imventory, cost of goods sold, and gross profit. $($Round answers to $0$ decimal places, e$.$g$.6,548.)$

Ending inventory $

Cost of goods sold $

Gross profit $

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$($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, es$.1\mathrm{.}45$ and final answers to $0$ decimal places, e$.$g$.6,548.)$

Ending inventory $

Cost of goods sold $

Gross profit $

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